MTG has sold its portfolio company Zoomin to Azerion, a leading Dutch-based European technology company in media and entertainment. The transaction sees 100% of MTG’s ownership in Zoomin divested.
In the first six months of 2019, Zoomin delivered net sales of SEK 50 million and EBITDA of SEK -34 million. As a result of the transaction, MTG will report a net loss of approx. SEK 80 million in Q4 2019 and will further reclassify the business segment “Other” to “Discontinued operations”.