Business
Disposal of Kalixa Group Completes
Disposal of Kalixa Group Completes.
About this update from Entain Plc
[{"type":"text","content":"\n \nRNS Number : 8238G GVC Holdings PLC 01 June 2017 \n\n1 June 2017\nGVC Holdings PLC\n(\"GVC\", the \"Company\")\n \nDisposal of Kalixa Group Completes\n \nFurther 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 €29.0 million paid by the acquirer, Senjō 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.\n \n \n \nFor further information:\n\n\n\n\nGVC Holdings PLC\n\n\n \n\n\n\n\nKenneth Alexander, Chief Executive \nPaul Miles, Chief Financial Officer\nNick Batram, Head of Investor Relations & Corporate Strategy\n\n\n Tel: +44 (0) 1624 652 559 \nTel: +44 (0) 20 7337 0100\nTel: +44 (0) 20 7337 0110\n\n\n\n\n \n \nMedia enquiries:\n\n\n\n\nBell Pottinger\n\n\n \n\n\n\n\nDavid Rydell, Laura Jaques \n\n\nTel: +44 (0) 20 3772 2500\n\n\n\n\n \n \nAbout GVC Holdings PLC\nGVC 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.\n \nFor more information see the Group's website: www.gvc-plc.com \n \n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END DISFBMRTMBIMMAR\n ","length":4203,"tagName":"div"}]