Bookmakers2u logo - Compare bookmakers online

Kindred Group and 32Red - the deal completed

In a press release, Kindred PLC reports The UK Gambling Commission has approved Kindred Group’s acquisition of 32Red with effect from 6 June 2017. Kindred Group will consolidate and have full control of 32Red. The offer values 32Red is estimated to GBP 175.6 million. Kindred Group has received acceptances in respect of or has otherwise acquired over 97 percent of 32Red’s outstanding shares. Furthermore, it was mentioned that Kindred Group will exercise the right to acquire compulsorily the remaining 32Red shares and procure the delisting of 32Red from the AIM Market of the London Stock Exchange.