Cherry Completes Acquisition of 49% Stake in ComeOn
Swedish gambling operator Cherry AB announced that it’s finished the purchase of a 49% stake in ComeOn Malta Ltd. Cherry paid a total consideration of €80 million because of its other video gaming company. The said consideration ended up being compensated both in B-shares and money.
Cherry noticed that the acquisition that is latest would strengthen its market casino online play real money position within the growing Scandinavian gambling market with the help of currently established brands like ComeOn it self, Folkeautomaten, Mobilbet, and Casinostugan. The gambling that is swedish additionally said that online-slots-reviews.com the deal could have online casino no deposit a sudden positive influence on its profits per share.
Under the regards to the purchase deal, Cherry should be able to choose the remaining 51% interest in its other gambling company. The operator has revealed that the option may be exercised between October 1, 2016 and December 31, 2016. The overall issue is likely to add up to no more than €280 million.
Commenting regarding the latest announcement, Cherry CEO Fredrik Burvall stated that now once the transaction happens to be completed, the 2 businesses will combine efforts to optimize ‘common values and customer offerings’ utilizing the goal of bolstering their typical operation. The official emphasized in the necessity for the 2 companies to schedule the method so as to be sure that the integration that is final get swiftly captain cooks online casino and efficiently once the time for it comes. Read More