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GAME set to sell off international business to lower debts?

UK retailer GAME could sell off some of its 663 non-uk stores in an effort to lower its debts.

A statement released today by the group says:

“In response to press speculation the GAME Group confirms that it is in ongoing dialogue with its lending syndicate to reach agreement on revised terms for its facilities.

“As part of these discussions, the lending syndicate is reviewing a strategic plan of the company which includes a review of its overseas operations.

“A further announcement will be provided once discussions with its lending syndicate have concluded.”

There is no indication as to how many stores the company plans to sell on.

Thanks, MCV.


Edited On 02 Feb, 2012

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