LeoVegas enters into agreement to acquire gaming operator Royal Panda, obtain debt financing of EUR 100 million and adjusts financial targets
LeoVegas AB (publ) ("LeoVegas" or "Company") has, through its wholly owned subsidiary LeoVegas International Ltd, entered into an agreement to acquire all of the shares in the Maltese company Web Investments Limited, whose group holds the Royal Panda trademark ("Royal Panda"). The acquisition is being made for a purchase price of EUR 60 m with a possible earn-out payment of an additional EUR 60 m. Due to the acquisition and in order to act on future acquisition opportunities, the LeoVegas Group has obtained debt financing of EUR 100 million, of which EUR 40 million constitutes a revolving