Brief: Three Gates Acquires Majority Stake In Tivola Games

Jumpgate AB

13/11/2019 13:59

Nov 13 (Reuters) - Three Gates AB  TGATE.NGM :
    * ACQUIRES MAJORITY STAKE IN TIVOLA GAMES
    * BUYS 65% OF TIVOLA GAMES
    * ACQUISITION IS EXPECTED TO SIGNIFICANTLY INCREASE CO'S
SALES FOR
2020 WHEN COMPARED TO 2019
    * EXPECTS TO ACHIEVE PROFITABILITY ON GROUP LEVEL DURING
2020
    * ACQUIRES STAKE IN TIVOLA GAMES VIA CAPITAL INJECTION IN
TIVOLA
OF INITIALLY EUR 0.5 MILLION (PLUS TWO ADDITIONAL PAYMENTS OF
EUR 0.25 MILLION) AND PURCHASE PRICE OF EUR 0.857 MILLION
PAYABLE ON NOV 30, 2020 AT LATEST

Source text for Eikon:  ID:nWkr659q0g 
Further company coverage:  TGATE.NGM 

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