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 because of its fellow video gaming free online casino slots company. The said consideration had been paid both in B-shares and money.
Cherry remarked that the latest acquisition would strengthen its market position within the growing Scandinavian gambling market by adding already founded brands like ComeOn it self, Folkeautomaten, Mobilbet, and Casinostugan. The gambling that is swedish also stated that the transaction has an immediate good influence on its profits per share.
Underneath the regards to the acquisition deal, Cherry will be able real money online casino to purchase the remaining 51% interest in its gambling that is fellow company. The operator has revealed that the choice might be exercised between October 1, 2016 and December 31, 2016. The general issue is anticipated to total a maximum of €280 million.
Commenting regarding the latest statement, Cherry CEO Fredrik Burvall said that now as the deal was completed, the 2 businesses will combine efforts to optimize 'common values and customer offerings' with the purpose of bolstering their common procedure. The official emphasized in the prerequisite for the 2 organizations to schedule the process in order to make sure that the final integration will go swiftly and efficiently as soon as the time free casino online games for this comes.
ComeOn is a rapidly growing online gambling company that provides its products across multiple channels.