Sweden – Knutsson Holdings increases shareholding in Betsson GroupBy Phil - 1 May 2020
Knutsson Holdings AB, a Swedish investor within the Gaming sector, has strengthened its shareholdings in Betsson Group by swapping 300,000 B-shares to A-shares.
A-shares is a Swedish instrument which gives ten votes for every share instead of one.
Knutsson Holdings now has 3,010,000 A-shares and 3,150,000 B-shares which gives 4.3 % of the capital but 11.4 % of the voting rights. Knutsson Holdings has been a major shareholder in Betsson Group since 2007.
“We are proud shareholders in one of the leading European online iGaming companies with several strong brands and we firmly believe Betsson has positioned itself very well in regulated markets and recently started interesting B2B activities with their own developed sportsbook,” commented Michael Knutsson, CEO of Knutsson Holdings.