Brief: Betsson Acquires Sports Betting And Gaming Operator Betfirst In Belgium

Betsson AB

14/06/2023 23:10

June 14 (Reuters) - Betsson Ab  BETSb.ST :
    * BETSSON ACQUIRES SPORTS BETTING AND GAMING OPERATOR
BETFIRST IN
BELGIUM AND ENTERS INTO PARTNERSHIP WITH GROUPE PARTOUCHE TO
LAUNCH ONLINE CASINO OFFERING ON THE BELGIAN MARKET
    * ACQUISITION OF LEADING BELGIAN SPORTS BETTING AND GAMING
OPERATOR BETFIRST FOR A TOTAL VALUE OF EUR 120 MILLION
    * IN ADDITION, BETSSON MAY PAY UP TO EUR 3 MILLION AS
EARNOUT,
SUBJECT TO DELIVERY ON CERTAIN AGREED FINANCIAL TARGETS
    * BETSSON IS ABLE TO FINANCE ACQUISITION WITH EXISTING CASH
FROM
ITS BALANCE SHEET AND WITHIN EXISTING CREDIT FACILITIES.
    * BETSSON - COMPLETION OF ACQUISITION OF BETFIRST IS NOT
CONDITIONAL ON REGULATORY APPROVALS AND IS EXPECTED TO OCCUR ON
OR AROUND JULY 5, 2023
    * BETSSON - GROUPE PARTOUCHE TODAY ANNOUNCE A NEW STRATEGIC
PARTNERSHIP IN ORDER TO OFFER ONLINE CASINO SERVICES IN
REGULATED MARKETS

Source text for Eikon:  ID:nWkr4cgGjV 
Further company coverage:  BETSb.ST 

 ((Reuters.Briefs@thomsonreuters.com;))