09.10.2023

Embracer Group excluded from S&P stock indexes

On October 5, Standard & Poor's excluded the Swedish Embracer Group holding from several stock indexes, including the S&P Global 1200 and S&P Europe 350. They include large public companies whose shares are considered by Standard & Poor's to be the most liquid and reliable for investment.

Standard & Poor's did not make a statement on the Embracer Group and did not explain why it decided to exclude the company.

Embracer Group fell in price twice to 26.81 billion Swedish kronor ($2.55 billion) after a $2 billion deal fell through in May 2023. Embracer Group is currently undergoing a major restructuring. As part of it, the company closed Volition Games and Campfire Cabal, and also conducted layoffs at Gearbox Publishing, Crystal Dynamics and other affiliated studios.

A source:

PocketGamer.biz
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