Candle Lake's Shareholding in Evolution AB Breaches Mandatory Takeover Offer Threshold

11:46 PM EDT, 07/26/2026 (MT Newswires) -- Evolution (EVO.ST) shareholder Candle Lake increased its ownership in the company to 59,798,619 shares, or a 30.02% stake, triggering the mandatory takeover offer condition. Castle Lake breached the 30% threshold after it purchased 2,050,000 shares in the Swedish online gambling company, according to a July 24 release. The investor has four weeks to launch the offer or sell some of its shares.