Bookmaker Evoke's shares up on acquisition of Romania-based Winner.ro

Evoke Pharma

23/08/2024 08:50

** Shares in British betting firm Evoke Plc  EVOK.L  rise
2.5% to 70.8 pence
    ** Co acquires Romanian online betting and gaming
operator New Gambling Solutions S.R.L, which operates as
Winner.ro
    ** Under the deal, Evoke will merge its existing Romania
business with Winner.ro and inject 10 mln euros ($11.12 mln) in
exchange for a 51% share in the enlarged Romania business
    ** The deal will create the top 4 operator in the market,
with combined market share of about 7%
    ** Co expects deal to be earnings enhancing in 2025 and
beyond
    ** Shares down nearly 28% this year, as of last close

($1 = 0.8993 euros)

 (Reporting by Shanima A in Bengaluru)
 ((shanima.a@thomsonreuters.com; (Direct: +91 72 5956 7774);))