Black day for gamenet, one of the major gaming companies operating in Italy in the public gaming sector, which shows a 6% drop in the stock market.
The 22 October 2019, Bidco range has subscribed two distinct share purchase agreements with the two main shareholders of Gamenet Group SpA, respectively TCP Lux Eurinvest S.à. rl e Intralot Italian Investments BV, for the acquisition of a stake equal to 48,67% of the Company's share capital: TCP (28,67%) and Intralot (20,00%).
The total price that will have to be paid to the sellers, assuming that no extractions of value have occurred and calculated on the basis of the price per share, will be equal to 182,5 million euros.
The mandatory takeover bid is finalised to the delisting of the Company. In the event that the delisting should not be carried out at the end and due to the effect of the mandatory takeover bid, it may be carried out through a merger by incorporation of the Company in the buyer.
