Cherry Completes Acquisition of 49% Stake in ComeOn
Swedish gambling operator Cherry AB announced that it’s finished the purchase of the 49% stake in ComeOn Malta Ltd. Cherry paid a total consideration of €80 million because of its other video gaming company. The stated consideration was free casino online games compensated both in B-shares and cash.
Cherry remarked that the latest acquisition would strengthen its market position within the growing Scandinavian gambling market with the addition of currently founded brands like ComeOn it self, Folkeautomaten, Mobilbet, and Casinostugan. The Swedish gambling operator additionally said that the transaction could have a sudden good impact on its profits per share royal vegas online casino canada.
Underneath the regards to the acquisition deal, Cherry should be able to purchase the staying 51% interest in its other gambling company. The operator has revealed that the choice could be exercised between October 1, 2016 and December 31, 2016. The consideration that is overall likely to add up to no more than €280 million.
Commenting regarding the announcement that is latest, Cherry CEO Fredrik Burvall stated that now as the deal is finished, the 2 organizations will combine efforts to optimize ‘common values and customer offerings’ with the zodiac casino online aim of bolstering their typical procedure. The state emphasized in the requisite for the two businesses to schedule the method in order to make sure that the integration that is final go swiftly and effectively once the time for this comes. Continue Reading