Kindred Group completes the acquisition of Blancas NV

The acquisition will solidify Kindred's long-term operations and commitments in Belgium and will allow Kindred to continue to offer an attractive offering to Belgian customers. Blancas NV will be operated as a separate entity within the Kindred Group under the leadership of the current management team led by Dominique De Wilde.

The total acquistion price was GBP 25 million on a cash free and debt free basis and has been settled in cash.

See also the previous press release regarding the Blancas NV acquistion:
https://www.kindredgroup.com/media/press-releases/2020/kindred-acquires-blancas-nv-to-strengthen-kindreds-broad-offering-in-the-belgian-market/

This disclosure contains information that Kindred Group is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 01-04-202117:30 CET.

For more information:

Patrick Kortman, Head of Corporate Development & Investor Relations, +46 723 877 438, [email protected]

About Kindred Group

Kindred Group is one of the world's leading online gambling operators with business across Europe, US and Australia, offering over 30 million customers across 9 brands a great form of entertainment in a safe, fair and sustainable environment. The company, which employs about 1,600 people, is listed on Nasdaq Stockholm Large Cap and is a member of the European Gaming and Betting Association (EGBA) and founding member of IBIA (International Betting Integrity Association). Kindred Group is audited and certified by eCOGRA for compliance with the 2014 EU Recommendation on Consumer Protection and Responsible Gambling (2014/478/EU). Read more on www.kindredgroup.com.

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https://news.cision.com/kindred-group/r/kindred-group-completes-the-acquisition-of-blancas-nv,c3319055

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