One of the most successful betting and gaming companies in the world, 888 Holding Plc, is selling its Latvian operations. Famous brands owned by 888, WilliamHill.lv, and MrGreen.lv will be acquired by Paf Consulting Abp. The agreement was signed on May 19th.
The workflow remains intact:
Paf Consulting Abp, the famous Nordic game company, will acquire 888’s Latvian operations, which will be sold for €28.25 million. The initial payment will be €24 million worth, with additional earn-out, which could cost up to €4.25 million and would be paid next year. Since the Group is the owner of 90% of the entity’s shares, the initial amount will be used to cover the general corporate ex…