MTG will now continue its growth journey as a fast-growing international mobile gaming group with a diversified portfolio of games across a wide range of popular genres. The divestment is expected to generate net proceeds of USD 875 million (SEK 8,174 million) for the group and at least 40% of the money will be returned to MTG’s shareholders through a combination of a share redemption and a share buyback program. The final structure of the two programs will be published in the notice to the AGM 2022. The rest of the proceeds will be used to strengthen MTG’s position in the global gaming market and to successfully continue to execute on the group’s M&A strategy.
MTG’s Group President and CEO Maria Redin commented:
“We’re excited for ESL Gaming to take the next step on their journey as the transaction closes, as well as for the opportunities that MTG sees going forward as gaming group. I would like to thank everyone involved in this transaction, and in particular ESL’s leadership team. Ralf Reichert and Craig Levine have been the best partners that we could have imagined on this journey. I wish them and everyone at ESL the best of luck and immense success going forward.”