Clarion to acquire iGaming Business from Electric Word

Electric Word plc today announces that it has conditionally agreed to sell its indirect 70 per cent. shareholding in iGaming Business Limited, to Clarion Events Limited, a global events business with a portfolio of event and media businesses across a range of vertical markets. The Sale values the whole of iGB on a cash free debt free basis at £19.7 million. The holder of the remaining iGB Shares, Michael Caselli, has also agreed to sell 5.1 per cent. of the issued iGB Shares and will retain the balance

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