LeoVegas completes the acquisition of the gaming operator Royal Panda
(Thomson Reuters ONE) -
On 24 October LeoVegas published a press release regarding the acquisition of
the gaming operator Royal Panda. The acquisition was subject to approval by the
Maltese authorities and LeoVegas hereby announces that all conditions have now
been met and that the acquisition and access of the shares is completed as of
today.
The acquisition of Royal Panda strengthens LeoVegas' expansion in regulated
gaming markets, especially in the UK, and adds a strong and exciting brand to
the LeoVegas Group. The acquisition is being made for a purchase price of EUR
60 m with a possible earn-out payment of an additional EUR 60 m. The total
purchase consideration can thus amount to a maximum of EUR 120 m. The
calculation of the earn-out payment and additional purchase price will commence
from 1 December 2017.
For more information regarding the acquisition please refer to the press release
published on 24 October 2017 and to LeoVegas interim report for the third
quarter of 2017 published the 25(th) of October 2017. The press release and the
quarterly report can be found on www.leovegasgroup.com.
For further information, please contact:
Gustaf Hagman, Group CEO and co-founder: +46 70-880 55 22,
gustaf.hagman(at)leovegas.com
Viktor Fritzén, Group CFO: +46 73-612 26 67, viktor.fritzen(at)leovegas.com
Philip Doftvik, Head of Corporate Finance and Investor Relations:
+46 73 512 07 20, philip.doftvik(at)leovegas.com
Visitors address: Sveavägen 59, Stockholm
Corporate identity number: 556830-4033
About the LeoVegas mobile gaming group
LeoVegas' vision is to create the ultimate mobile gaming experience and be
number one in mobile casino. The business is distinguished by award-winning
innovation and strong growth. LeoVegas' technical development is conducted in
Sweden, while operations are based in Malta. The Swedish parent company LeoVegas
AB (publ) invests in companies that offer gaming via mobile devices and desktop
computers along with companies that develop related technologies. LeoVegas has
attracted major international acclaim and has won numerous awards, including
"Operator of the year", "Mobile Marketing Campaign of the year", and "Innovation
in Mobile and Tablet of the Year" at the international EGR Awards. LeoVegas
bases its development on "Mobile First" and is at the forefront of using state-
of-the-art technology in the mobile gaming market. With a foundation in a great
gaming experience, long-term customer relationships and establishment of a
strong brand, the company has attracted a steadily growing customer base through
innovative, effective and data-driven marketing. Since its start, the mobile
gaming company LeoVegas has shown strong quarter-on-quarter growth. LeoVegas'
shares are listed on Nasdaq First North Premier. Avanza Bank AB is the company's
Certified Adviser. For more about LeoVegas, visit www.leovegasgroup.com or
www.leovegas.com.
LeoVegas completes the acquisition of the gaming operator Royal Panda:
http://hugin.info/171540/R/2146442/823040.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: LeoVegas AB via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 01.11.2017 - 17:11 Uhr
Sprache: Deutsch
News-ID 566231
Anzahl Zeichen: 3720
contact information:
Town:
Stockholm
Kategorie:
Business News
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"LeoVegas completes the acquisition of the gaming operator Royal Panda"
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