The acquisition of Red Tiger was decided in May 2019 as part of a £ 200m deal. A further £ 23m should follow in 2022 if the integration proves to be sustainable and profitable. Red Tiger itself had a total of 170 employees in Malta, the Isle of Man and Bulgaria at the time of the deal. These jobs remain.
Positive impact on the share price
The announcement of the integration of Red Tigers already seems to have a positive impact on the company’s share price. If the shares were still at SEK 17.46 at the close of trading on March 23, the value rose to SEK 22.60 today.
NetEnt expects total share capital to increase by SEK 31,762 to SEK 1,237,219. The annual general meeting with shareholders is scheduled to take place on April 29. After that, joint shares of the merged companies should start at a price of SEK 21.34.
Overall, NetEnt is confident about the future prospects. The company also does not expect the corona pandemic to have a negative impact on business.