Category: online casino
|December 20, 2019||Posted by derek under online casino|
Cherry Completes Acquisition of 49% Stake in ComeOn
Swedish gambling operator Cherry AB announced that the acquisition has been completed by it of a 49% stake in ComeOn Malta Ltd. Cherry paid a total consideration of €80 million because of its other video gaming company. The stated consideration online casino free bonus no deposit was paid both in B-shares and money.
Cherry remarked that the latest purchase would strengthen its market position within the growing Scandinavian gambling market by adding currently established brands like ComeOn it self, Folkeautomaten, Mobilbet, and Casinostugan. The gambling that is swedish additionally stated that the online casino no deposit bonus keep what you win transaction has a sudden good effect on its earnings per share.
Under the regards to the acquisition deal, Cherry should be able to purchase the remaining 51% curiosity about its gambling that is fellow company. The operator has revealed that the possibility may be exercised between 1, 2016 and December 31, 2016 october. The consideration that is overall likely to total a maximum of €280 million.
Commenting on the latest announcement, Cherry CEO Fredrik Burvall stated that now due to the fact deal is finished, the 2 companies will combine efforts to optimize ‘common values and customer offerings’ using the goal of bolstering their common procedure. The official emphasized online casino no deposit in the requisite for the 2 organizations to schedule the process in order to ensure that the last integration will go swiftly and effortlessly once the time because of it comes. (more…)