Kindred Group is growing stronger every day and this is proved by their new expansion business plan, according to which, they are ready to acquire 32Red Plc, which owns one of the most known online casinos in Europe, the 32Red Casino. Kindred Group’s cash offer for 32Red Plc was accepted by 32Red majority shareholders and has now become unconditional. Moreover, the offer was granted the permission and approval by the Licensing Authority of Gibraltar, since it meets all the regulatory requirements. The acquisition will cost 175.6 million pounds to the Kindred Group and the Swedish online gaming company has gained the 50% shareholder acceptance rate needed in order to progress with its acquisition.
In addition, Kindred will re-register 32Red as a private limited company before integrating the firm with its current multi-brand portfolio. That was the first Kindred Gropu acquisition since 2015, when Stan James was acquired by the colossal company and this one will make the online casino market presence for Kindred, even stronger and better.