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

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 said consideration ended up being paid both in B-shares and cash.

Cherry noticed that the latest purchase bc online casino would strengthen its market place in the growing Scandinavian gambling market by the addition of already established brands like ComeOn itself, Folkeautomaten, Mobilbet, and Casinostugan. The Swedish gambling operator additionally online casino with free bonus without deposit said that the transaction has an online casino free bonus no deposit instantaneous good effect on its earnings per share.

Under the regards to the purchase deal, Cherry should be able to buy the staying 51% curiosity about its fellow gambling company. The operator has revealed that the choice can be exercised between October 1, 2016 and December 31, 2016. The consideration that is overall anticipated to amount to at the most €280 million.

Commenting on the announcement that is latest, Cherry CEO Fredrik Burvall said that now while the deal happens to be completed, the two businesses will combine efforts to maximize ‘common values and consumer offerings’ aided by the goal of bolstering their common procedure. The official emphasized in the prerequisite for the 2 organizations to schedule the procedure so as to be sure that the integration that is final go swiftly free casino games online and effortlessly once the time for it comes. Continue reading →