In a move that was highly anticipated, Nektan announced that they have completed the sale of their U.K. B2C business, selling it to Grace Media. The sale was for a total of £200,000 ($262,969) and is part of an overall restructuring plan by the company.
In the announcement, the online gaming platform operator explained that they had sold their B2C business to Grace Media Limited, which also included entering into a B2B partnership with Grace Media which will facilitate the delivery of B2B services to Nektan’s white label partners. This way, Nektan will still receive monthly royalties.
Nektan PLC (LON:NKTN) is a leading international gaming solutions and services provider. They serve the US and European markets, driving digital gaming transactions, through proprietary technologies that permit speed, flexibility and innovation.