The shareholders in Enlabs have been recommended to accept the increased public offer of SEK53 (€5.2) per share made by Entain for the business.
The igaming operator, with offices throughout the Baltic states, Malta, Spain and Stockholm, set up an Independent Bid Committee to evaluate the offer by Entain, the Bwin parent group that was formerly GVC Holdings.
Entain through Bwin made an offer for Enlabs in early January that ran out in mid-February but which was subsequently extended until March 18. It has now increased the offer for Enlabs from SEK40 to SEK53.
Two of the biggest Enlabs shareholders, Erlinghundra AB, owned by the Braathen family, and Atletico Nordic, with between them 42.2 per cent of the shares, have already committed to the deal.
