Aspire Global to stop trading in Nasdaq Stockholm
Earlier this year NeoGames announced a public offer for 4.3 billion Swedish krona to buy Aspire’s shares. The proposal was approved last week (June 16).
Nasdaq Stockholm accepted the application to exclude Aspire Global from the list. It was decided that the last trading day for Aspire shares would be July 4th.
The merged company will be overseen by Moti Malul, the current CEO of NeoGames, who will continue in that capacity for the larger firm, and Raviv Adler as CFO.
T. Maimon, the CEO of Aspire, will take on the role of the president as well as be in charge of the brand-new gaming division.
“We are very pleased to finally finish the contract and start cooperating together on the process of recognising the full potential of new chances to take advantage of this partnership. We are more than sure that this strategic combination is going to be a stimulus for a multi-year shareholder value by synergistically capitalizing on the main strengths of both brands, and is going to support NeoGames expand in different markets.”
In May, Aspire announced the result of its financial performance for the Q1. The brand saw a revenue of 46.3 million euros which was s33.4% more compared to last year. They also recorded an 8.2 million euros EBITDA.