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1,one hundred individuals in Malta, Stockholm, Gothenburg, Kiev, Krakow, Sofia, Gibraltar and New Jersey. The shares of series B in NetEnt are listed on Nasdaq Stockholm with the ticker NET-B. NetEnt offers diversification of Evolution’s revenues into on line slots. As outcome of the acquisition will expand Evolution’s consumer supplying, enhancing its marketplace position additional.

Right after performing our indicative valuation of NetEnt we have arrived at an implied share price tag of €6.42. This valuation of the target excludes the expense synergies which are anticipated to be worth around €280M. If we account for the synergy premium our implied share price tag for NetEnt will be €7.56. The deal value per share is in fact €7.61 which is extremely close to our valuation. The deal is expected to bring about €280M of cost savings via rationalisation of operations. It is also anticipated to have a positive effect on EPS by means of revenue synergies in 2021.

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