Bookmaker William Hill has been given the regulatory go-ahead to complete its €270m acquisition of MRG Group.
The company stated that it had “been granted approvals from the competition authorities in all necessary jurisdictions” concerning the deal, which forms part of William Hill’s strategy to boost its presence in Europe and also within the Nordics.
The final offer of SEK2.8bn (£246m) was worth SEK69 per share.
MRG operates in 13 markets including Denmark, Italy, Latvia and Malta, and has brands including Mr Green and Redbet. The firm was also recently granted licences in Sweden.
William Hill CEO Philip Bowcock, commenting on the original tabling of the offer to MRG, said: “MRG will provide William Hill with an international hub in Malta with market entry expertise and strong growth momentum in a number of European countries. William Hill will move from a single brand to a suite of brands that can maximise growth opportunities moving forward in new and existing markets."
