Tag Archives: Anders Ström

Kambi to revamp network following unsatisfactory 2023 results 

SBC News Kambi to revamp network following unsatisfactory 2023 results 

Kambi Group Plc has declared that it has achieved a ‘stronger foundation for growth’, following a difficult close to year-end trading which impacted its full-year 2023 results. Publishing its Fourth Quarter and FY2023 results this morning, the Stockholm-listed sports betting technology group registered a 23% decline in Q4 revenues to €44.3m (Q42022: €58m). The decline in period revenues was attributed …

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Kambi seeks new CEO as Kristian Nylén ends 14-year leadership term

SBC News Kambi seeks new CEO as Kristian Nylén ends 14-year leadership term

The board of Kambi Group Plc has announced this morning that Kristian Nylén has expressed his intention to step down as CEO of the Stockholm-listed sports betting technology group. Nylén, who co-founded Kambi in 2010, will resign from leadership duties upon the appointment of a successor, as the Board initiates a search for a new CEO. Having served as Kambi’s …

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Kambi activates €2.8m buyback programme to enhance capital structures

SBC News Kambi activates €2.8m buyback programme to enhance capital structures

The Board of Kambi Group Plc has initiated a share repurchase programme following the mandate approved by investors of the Stockholm-listed sports betting technology group at the Extraordinary General Meeting (EGM) on 19 June 2023. Initiated on the morning of the announcement, the buyback programme will run until 21 May 2024, allowing investors to repurchase Kambi Group plc shares up …

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Kambi Co-Founder Anders Ström named Chair as Stugemo departs

SBC News Kambi Co-Founder Anders Ström named Chair as Stugemo departs

Kambi Group plc has appointed Anders Ström as the group’s new Chair of the Board, as Lars Stugemo makes the decision to step down. Stugemo notified the Nomination Committee that he does not intend to seek re-election at the Kambi Annual General Meeting (AGM) 2024. The committee then decided to propose Kambi Co-Founder Anders Ström be appointed as Chair at …

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Unibet founder Anders Ström reveals C-level rifts on Kindred’s future

SBC News Unibet founder Anders Ström reveals C-level rifts on Kindred’s future

Anders Ström, the enterprise founder of Kindred Group (formerly Unibet Plc) has detailed rifts between him and the former C-level team of the business led by ousted CEO Henrik Tjärnström.  In an interview with Swedish business news source Dagens Industri, Ström – who founded Unibet in 1997 – expressed his dissatisfaction at “being kept in the dark” from key strategic …

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Betkwiff aims to open ‘opportunities for international traffic’ with Isle of Man renewal

SBC News Betkwiff aims to open ‘opportunities for international traffic’ with Isle of Man renewal

Sports betting service Betkwiff has strengthened its standing within the Isle of Man as the company renews its B2C operating licence. The company, launched in 2015 by Anders Ström and Karl Engström – the respective Founder and Co-Founder of Unibet, detailed that it aims to open ‘opportunities for international traffic’ following its renewal. Commencing on his firm’s renewal of its …

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Anders Ström fund bulks up shareholding in Kambi to 20%  

SBC News Anders Ström fund bulks up shareholding in Kambi to 20%  

Veralda Group, the investment fund of sports betting pioneer Anders Ström, has executed a series of share buys to increase its ownership in Kambi Group Plc.  This afternoon, Kambi disclosed that Veralda had completed three back-to-back tranches of Kambi transactions on the Stockholm Nasdaq, authorised between 27 October and 19 November 2021. It said: “Veralda Investment Ltd acquired 777,624 shares …

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Ström’s Veralda sells 2% shareholding in Kambi Group 

SBC News Ström’s Veralda sells 2% shareholding in Kambi Group 

Veralda, the private investment fund of Swedish sports betting tycoon Anders Ström, has confirmed the sale of 675,000 shares in Kambi Group Plc. The share sale was executed yesterday, with Veralda divesting 2% of its current equity in Stockholm-listed Kambi for a purchase price of SEK 462 per share (€45). The transaction placed with private Swedish and institutional private investors …

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Stefan Lundborg resigns from non-exec Kindred role pending SECA investigation

SBC News Stefan Lundborg resigns from non-exec Kindred role pending SECA investigation

Kindred Group Plc has informed investors that corporate advisor Stefan Lundborg has resigned from all duties as a non-executive director with immediate effect.  The resignation is related to Lundborg being investigated for ‘insider crime’ by the Swedish Economic Crime Authority (SECA), for which Kindred has offered its full cooperation with the public prosecutor and SECA agencies. Kindred stated that it …

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Unibet founder Anders Ström ends Kindred chairmanship

SBC News Unibet founder Anders Ström ends Kindred chairmanship

Kindred Group Plc has informed investors that company founder Anders Ström will not seek re-election as Non-Executive Chairman. Lauded as an industry figurehead, in 1997 Ström founded Unibet – Kindred’s original business enterprise – as a telephone betting service to take wagers for Swedish customers Ström issued the following personal statement on his decision not to pursue re-election: “Some years …

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