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Cherry Completes Acquisition of 49% Stake in ComeOn Canada Online Casino

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 gaming that is fellow company. The stated consideration had been paid 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 with the addition of currently founded brands online casino free bonus no deposit like ComeOn itself, Folkeautomaten, Mobilbet, and Casinostugan. The Swedish gambling operator additionally stated that the transaction will have an immediate positive effect on its earnings per share.

Beneath the online casino 2019 casinobonusca terms of the acquisition deal, Cherry should be able to choose the staying 51% curiosity about its gambling that is fellow company. The operator has revealed that the choice are exercised between 1, 2016 and December 31, 2016 october. The consideration that is overall expected to add up to at the most €280 million.

Commenting on the latest announcement, Cherry CEO Fredrik Burvall stated that now while the deal was completed, the two organizations will combine efforts to optimize ‘common values and consumer offerings’ with the aim of bolstering their common procedure. The state emphasized in the necessity for the 2 organizations to schedule the method in order to ensure that the last integration will get casino online play real money swiftly and efficiently when the time for this comes.

 
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