GVC completes sale of Kalixa Group

GVC Holdings confirmed the sale of its payment processing business, operating under the Kalixa Group banner, to Senjō Group on Thursday.

The FTSE 250 firm had initially announced the sale on 19 December.

Its board confirmed the total consideration of €29m had been paid in cash by the acquirer, and was subject to a completion accounts adjustment.

“As previously disclosed, the sale will have a neutral effect on the GVC's EBITDA and the Kalixa Group continues to provide payment processing services to GVC post-completion under an existing contract,” the board said in its statement.