60 percent of total shares
Danske Spil acquires majority stake in CEGO
(Denmark).- Danish national lottery and gaming operator Danske Spil has entered into an agreement to acquire a majority stake in games developer CEGO. Under the agreement, Danske Spil will acquire 60 percent of CEGO’s total shares.
2014-07-01
Reading time 30 seg
(Denmark).- Danish national lottery and gaming operator Danske Spil has entered into an agreement to acquire a majority stake in games developer CEGO. Under the agreement, Danske Spil will acquire 60 percent of CEGO’s total shares.
CEGO’s current owners will continue to carry out day-to-day management of the firm from its Aalborg headquarters.
Danske Spil said the acquisition forms part of its strategy to further strengthen its position in the Danish online gaming sector.
Danske Spil said in a statement: “With the acquisition of shares in CEGO, it will allow Danske Spil to consolidate and strengthen its market position in the increasingly popular Danish casino market.
“CEGO gives Danske Spil the opportunity to have access to unique and powerful game development capabilities in a market with high demands innovation and development pace.”
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