Cherry Completes Acquisition of 49% Stake in ComeOn
Swedish gambling operator Cherry AB announced that it offers finished the acquisition of the 49% stake in ComeOn Malta Ltd. Cherry paid a total consideration online casino reviews of €80 million for its fellow video gaming company. The said consideration had been paid both in B-shares and cash.
Cherry pointed out that the acquisition that is latest would strengthen its market place into the growing Scandinavian gambling market by adding already established brands like ComeOn it self, Folkeautomaten, Mobilbet, and Casinostugan. The gambling best online casino canada reddit that is swedish also said that the transaction may have an instantaneous positive effect on its earnings per share.
Underneath the regards to the acquisition deal, Cherry will be able to purchase the staying 51% fascination with its fellow gambling company. The operator has revealed that the option could be exercised between October 1, 2016 and December 31, 2016. The overall consideration is expected to total at the most €280 million.
Commenting regarding the latest announcement, Cherry CEO Fredrik Burvall stated that now once the transaction has been finished, the 2 businesses will combine efforts to maximize ‘common values and consumer offerings’ utilizing the purpose of bolstering their common procedure. The official emphasized on the necessity for the two organizations to schedule the process to be able to be sure that the final integration will get swiftly and efficiently once the time for it comes ruby fortune online casino. (المزيد…)