Evolution Gaming has taken its total shareholding in NetEnt to approximately 96.8% of the outstanding shares, following the expiry of its ‘extended acceptance period’ to buyout the Stockholm-listed casino games developer.
Evolution’s acquisition of NetEnt had previously been given the green light from the UK’s Competition and Markets Authority (CMA), having also cleared the Malta Competition and Consumer Affairs Authority hurdle on 29 September.
In June 2020, NetEnt accepted an SEK 19.6bn (€1.8bn) acquisition offer put forward by Evolution Gaming, meaning Evolution would acquire 90% of NetEnt’s corporate shareholding at SEK 79.93 (€7) per share.
Evolution had initially expressed an expectation of closing the transaction on November 2, with an acceptance period commencing on August 17, 2020 and expiring on or around October 26, 2020.