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Gaming Innovation Group completes Sportnco acquisition

4th April 2022 10:08 am GMT
Gaming Innovation Group

Oslo-listed gaming supplier Gaming Innovation Group (GiG) has completed the acquisition of iGaming platform provider Sportnco for €51.4m.

Following the signing of a Share Purchase Agreement (SPA) to acquire Sportnco last December, GiG has now received the necessary approvals from relevant authorities to complete the deal.

GiG has paid €51.4m to acquire the business, comprising €27.9m in cash and €23.5m in 12,623,400 new shares in GiG at a share price of NOK8.08 per share. In addition, Sportnco [...]

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