Australia’s Tatts Online Pty Ltd, a wholly-owned subsidiary of wagering giant Tabcorp, has exercised an option to acquire around 3.5 million shares in lottery game re-seller Jumbo Interactive Limited at an exercise prices of AU$2.37 per share.
It has also sold around 2.9 million of those shares to a group of institutional investors.
Nevertheless, the acquisition of shares lifts Tatts’ stake in Jumbo to 12.49% with the company stating it has no intention to sell any more of its shares.
“Tabcorp regards its holding in Jumbo as strategically important,” it said.
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