Stockholm-listed online gaming operator Unibet has completed the acquisition of Gibraltar-based operator Stan James Online for £19m.

As a result, Stan James Online will be consolidated into Unibet’s financial reporting as of Wednesday (September 30th).

Unibet agreed to acquire the operator for £19m in July and has completed the transaction with a payment of cash up front, adjusted for customer liabilities that it will now assume.

Stan James Online will continue to trade under its existing brand and through its current platform.

The transaction does not include the UK retail business operated under the Stan James brand.

Shares in Unibet Group plc (Co. Data) (STO:UNIB) began trading at SEK700.00 per share in Stockholm Thursday, having closed up 1.89 per cent Wednesday.

 

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