Sale nets e-Gaming giant £24.5 million
Athol Street e-Gaming giant GVC Holdings has confirmed it's to sell its payments processing arm.
Kalixa Group, which has offices in the UK and Austria, will be acquired by Singapore-based investors Senjo for €29 million (£24.5m).
The deal is expected to be completed in early 2017 - after which GVC says it intends to remain Kalixa clients.
GVC earlier this year acquired bwin.party Digital Entertainment, in a sale worth £1.2 billion.
The company recently said it expects to pull in a daily revenue increase of 12% on last year.
Treasury minister 'hopes' businesses will pass on VAT reductions to customers
Hopes summer VAT cuts will ease cost of living pressures for families and businesses
'The TT is our crown jewel' says caterer
