Nordisk Games sells 6.5 million shares in Nitro Games through a block trade

16 September 2024

Nordisk Games, part of Nordisk Film and Egmont Group, is a leading Nordic media group providing growth capital, strategic guidance and operational support within the video game entertainment industry. Since 2020, the company has been a major investor in Nitro Games, a Finnish free-to-play game developer engaging in the development of mobile games with high production value for mid-core audiences.

Nordisk Games has sold its entire holding of 6,492,636 shares to current shareholders in Nitro Games and new external investors. The transaction was executed as a block trade, comprising approximately 26.0 per cent of the outstanding shares and votes in Nitro Games, for a total purchase price of approximately SEK 9.7 million.

Augment acted as financial advisor to Nordisk Games in connection with the transaction.