Cherry AB (publ) – STO: CHER-B.ST, has resolved to call on the option to acquire addition 5 percent of the shares in the Maltese company Almor Holding Limited (Almor). The company is an operator of onlince casino and sportsbook in primarily German-speaking countries. Following the acquisition Cherry will own 95.0 percent of the shares in Almor.
Following continued favourable development of Almor’s group of brands, Cherry has resolved to call on the option to acquire additional 5 percent of the shares in the company. The purchase price for Almor Holding Limited will, according to the agreement amount to approximately EUR 3.9 million to be paid in cash.
Cherry’s current holding in Almor amounts to 90.0 percent and will amount to 95.0 percent following the transaction has been completed.
This information was submitted for publication on 13 March 2019, at 3:30 p.m. CET.
CHERRY IN BRIEF
Cherry is an innovative and fast-growing company within gaming, entertainment and media. Established in 1963, today Cherry operates through five diversified business areas: Online Gaming, Game Development, Online Marketing, Gaming Technology, and Restaurant Casino. The Group’s objective is to grow organically in combination with strategic acquisitions of fast-growing companies. Bridgepoint Europe VI Fund is the principle owner of Cherry AB. The Company’s class B share is listed on the Nasdaq Stockholm exchange, Mid Cap segment. More information is available at www.cherry.se