Candle Lake bids for Evolution

Announced 13 August 2026 - Kenneth Dart's Cayman vehicle Candle Lake makes a mandatory cash offer of SEK 695 per share after crossing the 30% threshold, valuing the live casino market leader at about SEK 131.7 billion. Candle Lake calls the bid a financial investment rather than a move for control; if its stake passes 90% it intends to start compulsory redemption and promote a delisting from Nasdaq Stockholm. Acceptance period runs 17 August to 15 September 2026.

Year

2026

Type

Announced

Value

SEK 695/share (~SEK 131.7bn)