Monday 20 May 2019

Investment firm takes 4pc share in Smurfit's Gan

Dermot Smurfit Jr
Dermot Smurfit Jr
Ellie Donnelly

Ellie Donnelly

US investment firm Light Long Capital has snapped up 4pc of Dermot Smurfit Jr's Gan.

This comes after Gan said in March it was undertaking a review of various "strategic alternatives" open to it, in order to maximise value for shareholders.

These alternatives include the potential sale of the group, as well as the possibility of seeking an investor to acquire a non-controlling stake in the gambling software company.

Gan also said in March that it would consider the option of seeking a listing on a US stock exchange, in addition to, or in replacement of, the company's existing stock market quotations.

Irish Independent

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