EMB Mission Bound AB (“EMB” or the “Company”) today announces that it has entered into a non-binding letter of intent (“LOI”) regarding the acquisition of a 51% ownership interest in MegaBet Plus, a Cyprus-based, retail-focused sports betting licence holder regulated by the National Betting Authority.
The LOI includes an option for the seller to sell an additional 39% of the shares in the company to EMB, at a later stage and subject to further terms, conditions, and the execution of the definitive transaction documentation.
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