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Cherry Online Casino No Deposit Bonus Completes Acquisition of 49% Stake in ComeOn


Cherry Completes Acquisition of 49% Stake in ComeOn best casino online

Swedish gambling operator Cherry AB announced that it has completed the acquisition of the 49% stake in ComeOn Malta Ltd. Cherry paid a total consideration of €80 million for its gaming that is fellow company. The stated consideration ended up being compensated both in B-shares and money.

Cherry remarked that the acquisition that is latest would strengthen its market position in the growing Scandinavian gambling market by the addition of already founded brands hollywood casino online like ComeOn it self, Folkeautomaten, Mobilbet, and Casinostugan. The gambling that is swedish additionally said that the deal has an immediate good influence on its profits per share.

Beneath the regards to the purchase deal, Cherry should be able to purchase the staying 51% fascination with its gambling that is fellow company. The operator has revealed that the possibility might be exercised between October 1, 2016 and December 31, 2016. The consideration that is overall anticipated to amount to no more than €280 million.

Commenting in the announcement that is latest, Cherry CEO Fredrik Burvall said that now once the transaction has been finished, the 2 companies will combine efforts zodiac casino online to optimize ‘common values and consumer offerings’ with all the purpose of bolstering their typical procedure. The state emphasized in the prerequisite for the two companies to schedule the method so as to ensure that the integration that is final go swiftly and effectively as soon as the time for this comes new online casino.