The Kindred Group has acquired online casino company 32Red.
The acquisition, which completed on June 6, is a result of a recommended cash offer of 196p for each 32Red share. On March 27, Kindred announced that the offer had been unconditional but there were certain conditions that were not clarified and satisfied until June 5.
Simultaneously, the UK Gambling Commission has approved Kindred’s acquisition, which values 32Red at £175.6m.
Kindred is listed on Stockholm’s Nasdaq as one of the largest providers of online gambling in Europe, with 14 brands serving 16.9 million customers. It is licensed in Australia and 11 EU countries.
