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Baltics

Enlabs Becomes Global Gaming’s Largest Shareholder

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5 years ago

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Enlabs Becomes Global Gaming’s Largest Shareholder
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Baltic-facing igaming operator Enlabs has become the major shareholder in Global Gaming, a Sweden-based gaming company.

Enlabs purchased 11,300,000 shares in Global Gaming for a price of 8 SEK per share. The shares will be paid with 50% in cash settlements and 50% with new issued shares of Enlabs based on the average volume weighted price of Enlabs shares traded at Nasdaq First North Growth Market the last fifteen days of trade.

Prior to these transactions, Enlabs owned 920,028 shares in Global Gaming, making Enlabs total holdings to become 12,220,028 shares representative to 29.9% of the ownership of Global Gaming.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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