Betsson AB has finally finalized and closed the deal that it has announced back In April. The company has finished the purchase of NordicBet from Nordic Gaming Group for a total of sixty five million Euros.

The online gambling company, Betsson has announced that it has got the funds needed for the purchase from two sources. The first one is a loan that is worth fifty five million Euros and that this loan is going to be paid back with a very suitable rate that is suitable for the company. The second one is through issuing almost 217 thousand new B shares.

Through a statement by Betsson, it was announced that these shares can only be subscribed by the owner of NordicBet, Nordic Gaming Group. Nordic Gaming group also has the option to pay for the new B shares through transferring the shares of Nordic Bet.

The statement also stated that all the B shares have been bought. The statement also revealed that an extra purchase price that can reach up to twenty million Euros may become payable according to the progress of the acquisition during this year. The company stated that it might choose to cover this additional charge by issuing more B shares.