LeoVegas announced to the stock exchange today that they will aquire Royal Panda casino.
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. Due to the acquisition
and in order to act on future acquisition opportunities, the LeoVegas Group
has obtained debt financing of EUR 100 million, of which EUR 40 million
constitutes a revolving credit facility. Completion of the acquisition is
expected to be transferred on 1stof December 2017. Due to the acquisition,
LeoVegas Board of Directors has adjusted the Companys financial targets.
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