Kindred Group acquires relaxation actions

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il Kindred Group acquires relaxation actionsnull This is the last news that comes from the club engaged in gambling and based in Malta, even if listed on the stock exchange in Stockholmnull The Kindred Group, in fact, acquires all the remaining remaining actions relax gamingnull At least from what you learn, Kindred Group buys the remaining actions of relaxation and the operation should have a value that is around the 320 million euros (about 275 million pounds), of which 295 only for this operation.

The Kindred group already has a third of the relaxation shares, and now it seems to have decided to acquire the remaining two thirds. The operation provides for a first payment of about 80 millionnull Then there will be two other payments in 2022 and 2023.

Kindred Group buys remaining relaxation actions: statements

Henrik Tjärnström, CEO of Kindred by talking about Kindred Group's operation that acquires relaxation actions, has proven to be confident that the operation brings important results to the group he directs. "Through this acquisition we add a rapidly growing and profitable B2B business with a portfolio of world -class products, giving us greater control over our casino, poker and bingo offer. And putting Kindred in a significantly better position to reach our long -term strategy to increase our attention to the differentiation of the product and the customer's experience”.

These, however, the words of Patrik Österåker, co-founder and president of relaxation. "Kindred Group's adhesion represents a natural next step in our long -standing cooperation with Kindred in all our vertical productsnull Kindred's strengthened presence will allow relaxation to invest further and accelerate the expansion of our B2B offer all over the world. We will continue the relaxation journey as a separate B2B entity with a portfolio of products and an unchanged general strategy. Remaining, however, faithful to our values and respecting the sweaty trust of our customers”.

relax gaming

Kindred Group acquires relaxation actions, and when we talk about Kindred, let's talk of a club that creates and distributes online casino gamesnull At the moment it has about 240 employees present in the four main hubs present in Malta, Estonia, Sweden and Serbia.

Between 2022 and 2022, Relax generated revenues for 25 million euros gross. Net, however, there is talk of about 10 million euros which, to have a clearer idea, can be compared with i financial data of American casino casino in 2022.

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