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 for its fellow video gaming company. The casino online play real money stated consideration ended online-slots-reviews.com up being paid both in B-shares and cash.
Cherry remarked that the acquisition that is latest would strengthen its market place within the growing Scandinavian gambling market with the addition of currently founded brands like ComeOn itself, Folkeautomaten, Mobilbet, and Casinostugan. The Swedish gambling operator additionally stated that the transaction has a sudden positive impact on its profits per share.
Underneath the regards to the purchase deal, Cherry will be able to buy the staying 51% fascination online casino free bonus no deposit with its other gambling company. The operator has revealed that the possibility are exercised between October 1, 2016 and December 31, 2016. The overall issue is expected to amount to no more than €280 million.
Commenting on the latest statement, Cherry royal vegas casino online CEO Fredrik Burvall said that now because the deal is finished, the two companies will combine efforts to maximize ‚common values and consumer offerings‘ with all the purpose of bolstering their typical procedure. The state emphasized on the necessity for the 2 companies to schedule the process to be able to be sure that the final integration will go swiftly and efficiently as soon as the time because of it comes. […]