Analyst Research

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Provider: Wright Reports
Provider: Reuters Investment Profile

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Betting Promotion Sweden AB to Acquire Tain AB from Atletico Nordic B.V. through Directed Share Issue

Monday, 21 Oct 2013 07:00am EDT 

Betting Promotion Sweden AB announced that the Company has entered into an agreement with Atletico Nordic B.V. on the acquisition of 100% of shares in Tain AB, including subsidiaries, Tain Ukraine LCC, Tain Malta LTD, Tain International N.V. and WL Services N.V. The transaction is subject to approvals from Extraordinary General Meeting and gaming authorities. The acquisition would be carried out in a form of directed share issue of 9,520,065 new shares in Betting Promotion towards Atletico. Considering the volume weighted average price for shares in Betting Promotion within ten trading days prior to signing the contract, purchase price for Tain amounts to approximately SEK 44.3 million. 

Company Quote

-0.07 -3.57%
3 Jul 2015