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 online casino 2018 casinobonusca Ltd. Cherry paid a total consideration of €80 million because of its other gaming company. The stated consideration had been paid both in B-shares and cash.
Cherry remarked that the latest purchase would strengthen its market position into the growing Scandinavian gambling market by the addition of already established brands like ComeOn it self, Folkeautomaten, Mobilbet, and Casinostugan. The gambling that is swedish also said that the transaction has an instantaneous positive influence on its earnings per share.
Underneath the terms casino online canada of the purchase deal, Cherry will be able to buy the staying 51% fascination with its fellow gambling company. The operator has revealed that the choice can be exercised between October 1, 2016 and December 31, 2016. The general consideration is likely to amount to at the most €280 million.
Commenting regarding the announcement that is latest, Cherry CEO Fredrik Burvall said that now due to the fact transaction has been completed, the two organizations will combine efforts to optimize ‘common values and free casino slots online client offerings’ with all the aim of bolstering their typical operation. The official emphasized on the requisite for the 2 businesses to schedule the procedure in order to be sure that the last integration will go swiftly and effectively once the time because of it comes. 阅读更多