Praemium to sell international business

clock • 1 min read

Australian-based platform Praemium has announced that it is looking for a buyer for its international business. Following a strategic review it has confirmed it is seeking a buyer for its operations in the UK, Jersey, Dubai and Hong Kong in a bid to focus its attention on its home market, the company said in a statement to the Australian Securities Exchange. Deloitte Corporate Finance has been appointed to manage the sale process.  The strategic review started in May 2021 alongside the decision by long-standing CEO, Michael Ohanessian to quit the business. Citing "strong sales a...

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