GVC Holdings PLC Disposal of Kalixa Group Completes (8238G)

TIDMGVC

RNS Number : 8238G

GVC Holdings PLC

01 June 2017

1 June 2017

GVC Holdings PLC

("GVC", the "Company")

Disposal of Kalixa Group Completes

Further to GVC's announcement on 19 December 2016, the Company confirms the sale of its payment processing business operating under the Kalixa brand (the "Kalixa Group") completed on 31 May 2017. The total consideration of EUR29.0 million paid by the acquirer, Senj Group Pte. Ltd, has been paid in cash, subject to a completion accounts adjustment. As previously disclosed, the sale will have a neutral effect on the GVC's EBITDA and the Kalixa Group continues to provide payment processing services to GVC post-completion under an existing contract.

For further information:

 
 GVC Holdings PLC 
 Kenneth Alexander, Chief Executive        Tel: +44 (0) 
  Paul Miles, Chief Financial              1624 652 559 
  Officer                                  Tel: +44 (0) 
  Nick Batram, Head of Investor            20 7337 0100 
  Relations & Corporate Strategy           Tel: +44 (0) 
                                           20 7337 0110 
 

Media enquiries:

 
 Bell Pottinger 
 David Rydell, Laura Jaques    Tel: +44 (0) 
                               20 3772 2500 
 

About GVC Holdings PLC

GVC Holdings PLC is a leading e-gaming operator in both B2C and B2B markets. GVC has four business segments with a number of brands; Sports Brands (bwin, Sportingbet, Gamebookers), Games Brands (partypoker, partycasino, Foxy Bingo, Gioco Digitale, CasinoClub), B2B and non-core assets. GVC acquired bwin.party digital entertainment plc on 1 February 2016. The Group is headquartered in the Isle of Man, is a constituent of the FTSE 250 index and has licences in more than 18 countries.

For more information see the Group's website: www.gvc-plc.com

This information is provided by RNS

The company news service from the London Stock Exchange

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June 01, 2017 03:47 ET (07:47 GMT)