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Italy’s SNAI sells controlling interest to Global Games S.r.L.

26th January 2011 9:14 am GMT

Italian gaming operator SNAI has agreed the sale of 50.68 per cent of its share capital to Global Games, a joint venture between Global Entertainment S.A. and Venice European Investment Capital S.p.A.

Under the terms of the acquisition, which is subject to regulatory approval, Global games will acquire approximately 59.2m ordinary shares in SNAI representing 50.68 per cent of the company’s share capital, at a price of € 2.3646 per share.

In addition to regulatory approvals, the [...]

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