Cxense ASA divests L'Agora Premium Audience Network, a part of its non-core advertising Business

Cxense, a company delivering digital solutions to the professional market, has agreed to sell all shares in its majority owned subsidiary Premium Audience Network S.L. to AdUX SA, a French digital marketing services company listed on Euronext Paris.

L'Agora is a digital advertising company based in Spain. The company operates within the native advertising field, delivering contextually targeted ads through a network of premium sites, primarily editorial groups. L'Agora financials are fully consolidated into Cxense financials, but booked separately under discontinued operations in the P&L and under assets and liabilities held for sale in the balance sheet.

Aabø-Evensen & Co Advokatfirma AS has acted as legal advisor to Cxense ASA in connection with the transaction.

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