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GVC agrees €150m sale of Turkish business

2nd November 2017 8:42 am GMT

London-listed gaming operator GVC Holdings has significantly reduced its grey market exposure with the sale of its Turkish-facing operations in a deal worth up to €150m.

GVC has agreed to sell its Headlong Limited subsidiary and other companies that comprise its Turkish operations to Ropso Malta, a company backed by investors providing IT services to the Turkish business.

Ropso has agreed to pay a performance-related earn-out consideration of up to €150m in cash, based on [...]

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