Brief: MTG Completes Sale Of ESL Gaming To Savvy Gaming Group

Modern Times MTG AB

21/04/2022 07:18

April 21 (Reuters) - Modern Times Group MTG AB  MTGb.ST :
    * HAS SUCCESSFULLY CLOSED TRANSACTION TO DIVEST ESL GAMING
TO
SAVVY GAMING GROUP
    * DIVESTMENT IS EXPECTED TO GENERATE NET PROCEEDS OF USD 875
MILLION (SEK 8,174 MILLION) FOR GROUP
    * AT LEAST 40% OF MONEY WILL BE RETURNED TO MTG'S
SHAREHOLDERS
THROUGH A COMBINATION OF A SHARE REDEMPTION AND A SHARE BUYBACK
PROGRAM

Source text for Eikon:  ID:nWkr3jDP3Z 
Further company coverage:  MTGb.ST 

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