GTech forges ahead with IGT acquisition

GTech has secured financing to the value of $2.6 billion through agreements with twenty international banks, allowing it to forge ahead with its International Game Technology acquisition (see previous reports).

Geographically, the financing has come from banks in Europe (the lion’s share at 46 percent); 21 percent from Italy; 21 percent from the United States; and 12 percent from Britain.

Shareholder approval for the deal has already been achieved.

The total consideration for the IGT acquisition is $4.7 billion.