Swedish gaming group Cherry is to de-list from Nasdaq Stockholm after EE Intressenter, the consortium that includes current chairman Morten Klein and Betsson CEO Pontus  Lindwall, took control of more than 90 per cent of the gaming company.

The board of Cherry said it has received a call for redemption proceeding of the minority shares in the company, as well as outstanding warrants from EE Intressenter.

The Cherry board at the same time confirmed it had resolved to apply for de-listing of Cherry shares from Nasdaq Stockholm. The last day of trading in Cherry stock on the exchange will be announced once confirmation is received from Nasdaq Stockholm.

The move follows a December, 2018, bid from EE Intressenter – which valued the Cherry group at €893m – at a price of SEK 87 per share (then €8.46).