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Evolution Gaming co-founders reduce stake in business

21st November 2017 11:05 am GMT
Evolution Gaming

Shares in live casino specialist Evolution Gaming slumped by nearly 10 per cent in Stockholm Tuesday after co-founders Jens von Bahr and Fredrik Österberg significantly reduced their stake in the business.

Chief executive von Bahr and chief strategy officer Österberg, who co-founded the business in 2006, have sold 1,798,520 Evolution shares through an accelerated book-building process, equivalent to approximately 5 per cent of the company’s total share capital.

The shares were sold Swedish and international institutional investors at [...]

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