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Betsson AB ( ($SE:BETS.B) ) has provided an announcement.
Betsson AB has decided to terminate its agreement to acquire Holland Gaming Technology Ltd and Holland Power Gaming B.V. due to the Dutch Gambling Authority not issuing a decision by the agreed deadline. The transaction’s reversal will involve returning the companies to the sellers and refunding Betsson EUR 26.7 million, minus a break fee, without significantly impacting the company’s consolidated income statement.
More about Betsson AB
Betsson AB is a prominent player in the online gaming industry, known for its ownership of rapidly growing companies. It is one of the leading online gaming groups globally, with a strategic focus on organic growth and acquisitions to outpace market growth sustainably and profitably. Betsson AB is listed on Nasdaq Stockholm Large Cap.
YTD Price Performance: 32.69%
Average Trading Volume: 275,795
Current Market Cap: SEK25.62B
For an in-depth examination of BETS.B stock, go to TipRanks’ Stock Analysis page.