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Gaming Innovation Group shareholders sell off 70m shares

2nd June 2017 8:50 am GMT

Oslo-listed Gaming Innovation Group (GIG) has sold off 70m shares through an accelerated bookbuilding process.

The sale of 8.55 per cent of the company's outstanding shares was higher than originally planned, with the company attributing the increase to strong demand from Norwegian, Nordic and high-quality international investors.

The majority of shares have been allocated to Swedish and Finnish institutions with "considerable sector experience", GIG said.

"GIG has over the past two years grown rapidly both organically and through acquisitions. The latter [...]

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