Cherry Completes Acquisition of 49% Stake in ComeOn
Swedish gambling operator Cherry AB announced that the acquisition has been completed by it of the 49% stake in ComeOn Malta Ltd. Cherry free online casino slot machines paid online casino no deposit a total consideration of €80 million for its other video gaming company. The stated consideration ended up being paid both in B-shares and cash.
Cherry pointed out 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 casino online free gambling that is swedish additionally said that the transaction may have an instantaneous good impact on its earnings per share.
Under the terms of the purchase deal, Cherry will be able to buy the staying 51% interest in its fellow gambling company. The operator has revealed that the choice are exercised between October 1, 2016 and December 31, 2016. The consideration that is overall anticipated to add up to no more than €280 million.
Commenting on the announcement that is latest, Cherry CEO Fredrik Burvall said that now because the transaction happens to be completed online casino free bonus no deposit, the 2 organizations will combine efforts to optimize ‚common values and customer offerings‘ with all the aim of bolstering their typical procedure. The official emphasized on the prerequisite for the 2 companies to schedule the procedure so as to make sure that the final integration will go swiftly and effectively if the time because of it comes. Weiterlesen