Cherry Completes Acquisition of 49% Stake in ComeOn
Swedish gambling operator Cherry AB announced that it offers completed the acquisition of a 49% stake in ComeOn Malta Ltd. Cherry paid a total consideration of €80 million for its gaming that is fellow company. The said online casino bc consideration had been paid both in B-shares and cash.
Cherry pointed out that the acquisition that is latest would strengthen its market position in the growing Scandinavian gambling market by adding already founded brands like ComeOn it self, Folkeautomaten, Mobilbet, and Casinostugan. The gambling that is swedish also said that the deal has an immediate good influence on its earnings per share.
Beneath the terms of the purchase free spins online casino deal, Cherry will be able to purchase the staying 51% curiosity about its fellow gambling company. The operator has revealed that the possibility are exercised between 1, 2016 and December 31, 2016 october. The overall consideration is likely to amount to no more than €280 million.
Commenting in the announcement that is latest, Cherry CEO Fredrik Burvall stated that now once the transaction happens to be completed, the 2 organizations will combine efforts to optimize ‘common values and consumer offerings’ with the aim of bolstering their typical operation. The state emphasized on the necessity for the two businesses to schedule the method to be able to be sure that the integration that is final get swiftly and effortlessly as soon as the time for it comes casino canada online.
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