Takeovers to entertain - M&A Deals - Media Coverage
Entertainment One is lining up takeovers on the continent after turning a £31 million annual loss into £6.9 million pre-tax profits.
Darren Throop, Entertainment One’s Canadian chief executive officer, says the company, whose move to the Full List is imminent, has its eyes on ‘some great acquisition targets in East and West Europe’. Currently based in the Cayman Islands and strongly backed by fellow Cayman-domiciled group Marwyn Neptune Fund, the internationally focused company chalked up its first profit since floating on AIM three years ago on turnover 30 per cent ahead to £444.2 million in the year to March, in an austere economic climate, helped by sterling’s weakness against the US dollar. To read the full article, please visit M&A Deals