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JPJ Group agrees £490m deal to acquire Gamesys

13th June 2019 9:44 am GMT

London-listed gaming operator JPJ Group has entered into an agreement to acquire Gamesys in a transaction valued at up to £490m.

JPJ will acquire Gamesys for £250m in cash and 33.7m newly issued shares in JPJ, with the shares valued at approximately £240m based on the 30-day volume weighted average price of 713 pence per share.

The acquisition will enable JPJ to diversify its portfolio of brands and create a platform for international growth under Gamesys' globally recognised brands, such [...]

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