AMWatch

eQ adds Swedish sports betting technology provider to Nordic fund

The purchase of Kambi was financed by selling shares in Lehto Group, Bergman & Beving, Solteq and TF Bank, writes Fund Manager Davit Kantola.

Portfolio manager of eQ Asset Management's Nordic Small Cap fund Davit Kantola. | Photo: PR eQ.

eQ Asset Management's Nordic Small Cap fund added Swedish B2B sports betting platform provider Kambi to its portfolio in October, which it financed by selling shares in Lehto Group, Bergman & Beving, Solteq and TF Bank.

The fund's portfolio manager Davit Kantola writes in the fund's monthly report Kambi recently faced a significant setback when their biggest customer decided to build their own sports betting platform.

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