UKGC gives its approval
With approval of the UK Gambling Commission, Kindred Group has completed its previously announced acquisition of 32Red for a reported £175.6m.
This will increase Kindred’s exposure in the Britain as the majority of 32Red’s revenues (£58.5m in 2016) come from the UK market.
Kindred will now proceed to delist 32Red from the AIM Market of the London Stock Exchange.
With the announcement this morning, Kindred’s stock price has remained stable.