Betsson AB has strengthened its M&A capabilities by completing a €75 million bond issue.
The €75 million bond is authorized as part of a wider structure that gives Betsson access to up to €250 million of capital.
Nordea acted as global coordinator, and Nordea and Swedbank acted as joint bookrunners. Gernandt & Danielson acted as legal advisors.
The corporate governance of Gaming Group, which is listed on the Stockholm Stock Exchange, states that the funds raised will be used for general corporate purposes, primarily for acquisitions.
Trading in the first half of the year showed that the Betsson business continued to deliver unprecedented strong results, with the company making a profit of €98 million at its peak.
Group CEO Pontus Lindvall identified the growth of the CEECA and Latin American markets as key growth drivers for his business and announced his intention to continue to consider M&A options in these markets.
However, according to the corporate governance department, new market changes are required to compensate for possible headwinds in Europe and regulatory adjustments in the markets of Norway, Finland, Sweden, Germany, Belgium and Estonia.
However, according to the corporate governance department, new market changes are required to compensate for possible headwinds in Europe and regulatory adjustments in the markets of Norway, Finland, Sweden, Germany, Belgium and Estonia.
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