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Nektan shares dip as Respin stake sale brings in less than expected

17th April 2019 7:54 am GMT

London-listed gaming supplier Nektan has concluded the sale of a majority stake in its US subsidiary Respin, although for substantially less than initially proposed.

Nektan said Wednesday that it has completed the sale of a 57.5 per cent stake in Respin, which provides US land-based casinos with in-venue mobile gaming solutions, for a consideration of £0.3m and a working capital commitment of US$0.8m.

This compares to the proposed consideration of £2.0m and working capital commitment of £0.3m [...]

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