Nektan sells Respin stake to Alternative Investment Partners

April 17, 2019 Gaming platform and services provider Nektan has sold a 57.5% majority stake in its Respin US subsidiary to Alternative Investment Partners Limited (AIP) for an initial cash consideration of £300,000 (€346,350/$391,680). The deal with AIP also includes the provision of $800,000 in working capital to Respin, as opposed to the agreement comprising a £2m cash fee and £300,000 in working capital that Nektan had previously announced.

Source: iGaming Business