GVC disposes of Turkey-facing business for €150m

Five-year earn-out deal expected to be completed before the end of the year and could pave the way for more M&A by the operator

GVC Holdings is to sell its Turkey-facing business for up to €150m, potentially paving the way for more M&A as the operator looks to increase its focus on regulated markets. The London-listed firm this morning announced the sale of its Headlong Limited subsidiary, and other companies that comprise its Turkish operations, for an earn-out consideration…

GVC Holdings | Kenny Alexander | M&A | Strategy | Turkey