Centrebet International Ltd
(ASX:CIL) says it is in talks with parties interested in taking over the online gambling company.
It has received indicative, non-binding and conditional proposals from a number of companies expressing interest, but says any decision to accept a proposal will have to be in the best interest of shareholders.
In considering any proposal, the company says its board will seek to maximise shareholder value and have regard to the strong growth potential of the business, thanks to its current strategy and the positive industry landscape in Australia.
In a statement to the ASX today, Centrebet says it does not want to fuel market speculation, stressing that no agreements have been reached at this stage and refusing to provide any further details about the offers.
Centrebet has previously disclosed its interest in considering consolidation opportunities, either as a target or buyer.
The company says discussions may take several months. Centrebet reported a profit of $8.32 million for fiscal 2009.
