Brief: Betsson Invests In Strategic Venture With TG Lab UAB

Betsson AB

19/04/2021 13:48

April 19 (Reuters) - Betsson AB  BETSb.ST :
    * BETSSON INVESTS IN A STRATEGIC VENTURE WITH TG LAB UAB
AIMED AT
NORTH AMERICA
    * WILL ALSO GRANT TO COMPANY A CONVERTIBLE SHAREHOLDER LOAN
FACILITY OF USD 2.5 MILLION.
    * BETSSON PERCH INVESTMENTS AB, A SUBSIDIARY OF BETSSON AB
(PUBL),
HAS ACQUIRED 35 PERCENT OF SHARES IN STRIVE PLATFORM LTD
(STRIVE) FOR A TOTAL AMOUNT OF USD 6.5 MILLION
    * UPON LAUNCH IN US, PLANNED FOR H2 2021, CO HAS OPTION TO
INCREASE ITS SHAREHOLDING IN STRIVE BY ANOTHER 5 PERCENT FOR
CONSIDERATION OF USD 1 MILLION

Source text for Eikon:  ID:nWkr8GzfSy 
Further company coverage:  BETSb.ST 

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