Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Sweden
  4. Nasdaq Stockholm
  5. Kindred Group plc
  6. News
  7. Summary
    KIND SDB   SE0007871645

KINDRED GROUP PLC

(KIND SDB)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Kindred Group plc (OM:KIND SDB) agreed to acquire remaining 66.6% stake in Relax Gaming Limited for €190 million.

07/02/2021 EDT

Kindred Group plc (OM:KIND SDB) agreed to acquire remaining 66.6% stake in Relax Gaming Limited for €190 million on July 2, 2021. Kindred will pay an initial consideration, settled in cash upon completion, of approximately €80 million on a cash and debt free basis. In addition to the initial consideration, the maximum earn-out payments amount to €113 million and may become payable in 2022 and 2023, subject to Relax Gaming achieving certain earnings thresholds. The transaction will be financed through Kindred’s existing cash and credit facilities. The transaction values the company at up to €320 million on a cash and debt free basis for 100% shares and total value of the outstanding shares of approximately €295 million. In the last twelve months leading up to May 31, 2021, Relax Gaming generated revenues of approximately €25 million with an EBITDA of approximately €10 million. The transaction is conditional to customary regulatory approvals and is expected to be completed in the fourth quarter of 2021. JPMorgan Chase & Co. (NYSE:JPM) acted as financial advisor and Peter Lilja, Maria Arnoldsson and Ulrica Salomon of Cirio Advokatbyrå AB acted as legal advisor to Kindred. Tero Jormanainen and Mikko Manner of Roschier, Attorneys Ltd. acted as the legal advisor to the shareholders of Relax Holding Limited in the transaction. Sven Papp and Jaanus Ikla of Ellex acted as legal advisor to Kindred Group.


© S&P Capital IQ 2021
All news about KINDRED GROUP PLC
09/09Kindred Group plc through its Brand Unibet, Continuing its US Expansion by First Launch..
CI
09/01KINDRED : to Launch Mobile Sportsbook in Iowa, US
MT
09/01KINDRED GROUP PLC (OM : KIND SDB) commences an Equity Buyback Plan for 23,012,620 shares, ..
CI
07/23TRANCHE UPDATE ON KINDRED GROUP PLC : KIND SDB)'s Equity Buyback Plan announced on March ..
CI
07/23Kindred Group plc Reports Earnings Results for the Second Quarter Ended June 30, 2021
CI
07/02KINDRED : to Buy Remaining Shares in Relax Gaming For $94.7 Million
MT
07/02KINDRED GROUP PLC (OM : KIND SDB) agreed to acquire remaining 66.6% stake in Relax Gaming ..
CI
06/21Kindred Partners with Relax Gaming for a Unique Avatar Special
CI
05/14KINDRED GROUP PLC : Ex-dividend day for interim dividend
FA
05/12Kindred Group plc Announces Executive Elections At the Annual General Meeting Held on M..
CI
More news
Financials
Sales 2021 1 437 M 1 973 M 1 973 M
Net income 2021 295 M 405 M 405 M
Net cash 2021 212 M 290 M 290 M
P/E ratio 2021 128x
Yield 2021 0,38%
Capitalization 37 800 M 4 377 M 51 906 M
EV / Sales 2021 26,2x
EV / Sales 2022 23,9x
Nbr of Employees 1 672
Free-Float 94,7%
Chart KINDRED GROUP PLC
Duration : Period :
Kindred Group plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends KINDRED GROUP PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Last Close Price 166,90 GBX
Average target price 1 761,30 GBX
Spread / Average Target 955%
EPS Revisions
Managers and Directors
Henrik Tjärnström Chief Executive Officer
Johan Wilsby Chief Financial Officer
Evert Carlsson Chairman
Marcus Smedman Chief Technology Officer
Ewout Keuleers Chief Legal & Compliance Officer
Sector and Competitors
1st jan.Capi. (M$)
KINDRED GROUP PLC102.21%4 253
FLUTTER ENTERTAINMENT PLC10.43%37 881
EVOLUTION AB76.43%36 608
CAESARS ENTERTAINMENT, INC.47.99%23 458
GALAXY ENTERTAINMENT GROUP LIMITED-30.29%23 328
ARISTOCRAT LEISURE LIMITED49.68%21 237