Caledonia Investments sells Buzz Bingo shares after Covid-19 setback

Caledonia Investments has sold its shares in Buzz Bingo to Intermediate Capital Group (ICG) for a nominal amount. The investment company has chosen not to participate in the latest round of fundraising and instead sell its shares. After investing £22m ($30.6m) in the summer of 2020, the company has decided it will not provide more capital following a third national lockdown. Instead, ICG and Barclays will provide further capital to Buzz ...