Brief: Betsson Acquires Majority Of Shares In B2b Sportsbook Business

Betsson AB

26/10/2022 06:37

Oct 26 (Reuters) - Betsson AB  BETSb.ST :
    * BETSSON ACQUIRES MAJORITY OF SHARES IN B2B SPORTSBOOK
BUSINESS
    * HAS THROUGH A SUBSIDIARY ACQUIRED 80 PERCENT OF SHARES IN
KICKERTECH MALTA LIMITED FROM TG HOLDINGS LIMITED
    * KICKERTECH OWNS A BUSINESS-TO-BUSINESS (B2B) SPORTSBOOK
OPERATION
    * ACQUISITION WILL SUPPORT BETSSON'S B2B GROWTH STRATEGY BY
EXPANDING ITS CLIENT BASE AND PROVIDING ADDITIONAL SCALABLE
TECHNOLOGY AS WELL AS STRENGTHENING EXISTING SPORTSBOOK WITH
ADVANCED TRADING AND MODELING TOOLS AND ADDED SPORTSBOOK
FEATURES FOR PLAYERS
    * ACQUIRED BUSINESS GENERATED REVENUE OF APPROXIMATELY EUR
2.6
MILLION AND EBIT OF APPROXIMATELY EUR 1.3 MILLION
    * CASH PORTION OF ACQUISITION WILL BE FINANCED WITH
BETSSON'S
EXISTING FUNDS

Source text for Eikon:  ID:nWkr8gWHtn 
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