Evolution Completes NetEnt Acquisition

Evolution said that it holds a total of approximately 96.8% of the shares and 98.6% of the votes in NetEnt. Evolution will continue to offer products under four brands: Evolution, Ezugi, NetEnt and RedTiger.

Evolution’s acquisition of NetEnt had been given the green light from both the UK CMA and the MCCAA

In June 2020, NetEnt has accepted €1.8bn offer from Evolution. This means Evolution now will acquire 90% of NetEnt’s corporate shareholding at €7 per share.

Evolution has initiated a total reorganisation and integration of NetEnt, which means that the management of Evolution assumes operational responsibility within NetEnt, but also a number of additional changes in reporting paths and structure. Through the takeover, which will see NetEnt operate the games and live casino under the Evolution banner.

Netent Blackjack games such as Blackjack and Single Deck Blackjack will continue to operate and function until further notice by online casinos.

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