Evolution's biggest owner rules out buyout of gaming company after mandatory bid

However, the price of SEK 695 is far below the share's closing price on the Stockholm Stock Exchange (just over SEK 737 on Thursday), reports Dagens Industri, among others.

The mandatory bid rules mean that Dart was forced to make a bid for the company when his holdings in July exceeded the mandatory bid threshold. However, Dart's company Candle Lake writes in a press release that it has no intention of taking the company private.

Evolution is on the Stockholm Stock Exchange's OMXS30 list of the stock exchange's 30 largest companies and has also historically been something of a retail investor favourite, with over 50,000 owners currently at Avanza.