Kenneth Dart's Candle Lake Crosses Mandatory Bid Threshold for Sweden's Evolution

Dow Jones
07/27
 
 

Billionaire U.S. investor Kenneth Dart has raised his stake in Swedish gaming group Evolution to around 30.02%, passing the threshold that requires the launch of a mandatory takeover offer.

Dart, through his Cayman Islands-based Candle Lake, has acquired 2.05 million shares in Evolution, which brings his total holding to 59.8 million shares, according to a disclosure notice late Friday.

Candle Lake now has four weeks to either submit a bid for the remaining shares or reduce its holding to below 30%, according to Swedish takeover rules.

Evolution, which provides online games and the technology behind online casinos, didn't immediately respond to a request for comment.

Candle Lake also owns around 28% of online sports betting and gaming company Flutter Entertainment.

 

Write to Dominic Chopping at dominic.chopping@wsj.com

 

(END) Dow Jones Newswires

July 27, 2026 03:01 ET (07:01 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10