Entain secures regulatory approval for Enlabs takeover Share
April 1, 2021
Entain has moved forward with its Baltic expansion plans, securing ‘all the necessary approvals’ from relevant competition and gaming regulatory authorities for the takeover of
Enlabs.
As a result, the condition for the completion of the group’s offer regarding the receipt of all necessary regulatory approvals has been met. However, the firm – which operates
Ladbrokes and
Coral – has yet to gain the approval of all Enlabs shareholders.
Entain initially made a public cash offer of £250 million to the Entain shareholders to tender all shares in the operator on 7 January 2021. This represented an offer of SEK 40 per Enlabs share.