EG7 sells Innova for EUR 21 million of cash consideration to Games Mobile ST LTD
INSIDE INFORMATION: STOCKHOLM, SWEDEN (September 23, 2022) -- Enad Global 7 AB (publ) (“EG7” or the “Company”) and Games Mobile ST LTD (“GMST”), an international group of companies that offers a full range of services in the gaming sector, entered into an agreement in September, 2022, for the sale of the Company's subsidiary, Innova Intellectual Properties S.à r.L. (“Innova”). The Company had initially contemplated a transaction with the management team at Innova as previously communicated on April 19, 2022. However, the Board determined that GMST’s proposed transaction would be more