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SG expands European footprint with £35m Barcrest acquisition

27th April 2011 8:27 am GMT

 International Game Technology (IGT) has agreed a deal to sell its European gaming content and machines business, Barcrest Group Limited, to Scientific Games Corporation in a transaction valued at up to £35m.

Under the terms of the agreement, Scientific Games will pay approximately £33m in cash to IGT, plus a deferred consideration of approximately £2m which the company said is subject to the satisfaction of “certain conditions relating to a third-party contract”.

The sale is also conditioned [...]

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