LeoVegas completes the acquisition of the gaming operator Royal Panda

On 24 October LeoVegas published a press release regarding the acquisition of the gaming operator Royal Panda. The acquisition was subject to approval by the Maltese authorities and LeoVegas hereby announces that all conditions have now been met and that the acquisition and access of the shares is...

London, 01/11/2017 (informazione.news - comunicati stampa - turismo)

On 24 October LeoVegas published a press release regarding the acquisition of the gaming operator Royal Panda. The acquisition was subject to approval by the Maltese authorities and LeoVegas hereby announces that all conditions have now been met and that the acquisition and access of the shares is completed as of today.  

The acquisition of Royal Panda strengthens LeoVegas' expansion in regulated gaming markets, especially in the UK, and adds a strong and exciting brand to the LeoVegas Group. The acquisition is being made for a purchase price of EUR 60 m with a possible earn-out payment of an additional EUR 60 m. The total purchase consideration can thus amount to a maximum of EUR 120 m. The calculation of the earn-out payment and additional purchase price will commence from 1 December 2017.

For more information regarding the acquisition please refer to the press release published on 24 October 2017 and to LeoVegas interim report for the third quarter of 2017 published the 25 of October 2017. The press release and the quarterly report can be found on www.leovegasgroup.com.

Gustaf Hagman, Group CEO and co-founder: +46 70-880 55 22, gustaf.hagman@leovegas.com
Viktor Fritzén, Group CFO: +46 73-612 26 67, viktor.fritzen@leovegas.com
Philip Doftvik, Head of Corporate Finance and Investor Relations: +46 73 512 07 20, philip.doftvik@leovegas.com
Visitors address: Sveavägen 59, Stockholm
Corporate identity number: 556830-4033

www.leovegasgroup.com www.leovegas.com