Investing
Billionaire Dart Takes 5% Stake in Swedish Group Evolution
- Firm is one of the biggest gainers on Stockholm’s main index
- Evolution is looking at expanding to new markets outside EU
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Kenneth Dart, the billionaire investor based in the Cayman Islands, has taken a 5.27% stake in Swedish online casino group Evolution AB.
Dart, an heir to the eponymous plastic-cup fortune who has previously renounced his US citizenship, now owns 11.17 million shares in the Stockholm-based developer of internet games such as Lightning Storm and Balloon Race, according to a Thursday filing. The company has a market value of 215 billion Swedish kronor ($20.5 billion).