Codere acquires remaining shares in Grupo Caliente

News on 6 Apr 2017

Spanish operator Codere S.A. has informed the Spanish stockmarket regulator, Comisión Nacional del Mercado de Valores, of its outright acquisition of Group Caliente through its wholly-owned indirect subsidiary Codere Mexico S.A. de C.V.

The company said it had acquired the remaining shares that Group Caliente held in the consolidated Subsidiaries, in which Codere held a 67.3 percent equity interest, for a total consideration of USD 26 million, comprised of USD 22 million in cash and the remaining USD 4 million settled by offsetting amounts due to Codere by Grupo Caliente.

Following the acquisition, Grupo Caliente will continue to provide Codere with certain services related to its sports betting business.

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