Blue Star Capital initiates process for potential sale of SatoshiPay stake

Blue Star Capital, a holding company with a focus on new technologies in payments, media and gaming, issued an update on its 27.9%-owned investee company SatoshiPay.

In its half-year report in June, Blue Star announced that blockchain and payments service SatoshiPay had retained Benchmark International, an M&A advisory company, to produce an information memorandum in respect to procuring an accurate valuation for SatoshiPay and potential expressions of interest for its acquisition.

Today, Blue Star announced that Benchmark has started to approach investors to establish potential interest in SatoshiPay. Blue Star emphasised that there is no guarantee the process will lead to an acceptable offer, and there is no obligation on Blue Star or SatoshiPay to accept any offer.