Betbull has controlling share in Betbull Bwin Espana


Bwin Interactive out of joint venture in Spain

Following a share-based loan redemption, the London-based retail and online betting provider Betbull Holding has become the controlling owner of the Betbull Bwin Espana SA joint venture established in 2007.

In an announcement this week it was revealed that Bwin agreed to the conversion of a Euro 2.5 million loan note into 1.25 million ordinary Betbull shares priced at one Euro each as part of the deal, while the Austrian firm will also receive an additional 1 101 124 shares in Betbull in exchange for setting up and funding the Spanish joint venture.

Once approved by shareholders and authorities, the agreement will result in Betbull's issued share capital increasing by over 2.35 million to 10 914 624 with Bwin owning 36.98 percent of the British firm.

“The convertible loan note and Bwin's participation as a stake holder in Betbull Bwin Espana have enabled initial development of the Madrid venture and the objectives of those financial structures have been satisfied,“ said Simon Bold, Director for Betbull.

“The restructuring serves to regularise and tidy up the setup of the two companies, bringing all retail activities into the Betbull group. Bwin continues to support Betbull as the major stakeholder with just short of 37 percent of total shareholding.“

General Gambling News

Login to post a comment:


 
 

Click Here to register a new account

What's going on right now!

3mins ago someone from United States read King Neptune's Casino - No New Players review

Casino Of The Month

Casino of the Month

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

In the last 24h

Totals

  • New Members
    28
  • Members Online
    392
  • Guests
    1,669
Highest Community Rated Online Casinos
Guts Casino
  (259 Ratings)
32 Red Casino
  (501 Ratings)
Club USA Casino
  (369 Ratings)
Mr Green Casino
  (365 Ratings)
Buzzluck Casino
  (237 Ratings)
Lucky Red Casino
  (285 Ratings)
Videoslots.com
  (232 Ratings)
Nexxedge
  (106 Ratings)
Bet365 Games
  (239 Ratings)
CasinoRoom
  (229 Ratings)
Unibet Casino
  (212 Ratings)
NextCasino
  (229 Ratings)
Raging Bull
  (159 Ratings)
CasinoLuck
  (304 Ratings)
SlotsMillion
  (151 Ratings)
Betsson Casino
  (302 Ratings)
TradaCasino
  (89 Ratings)
Redbet Casino
  (217 Ratings)
Betsafe Casino
  (280 Ratings)
Spin Palace Casino
  (156 Ratings)
Vera John Casino
  (240 Ratings)
ComeOn Casino
  (333 Ratings)
Casino Extreme
  (250 Ratings)
Thrills Casino
  (221 Ratings)
Ladbrokes Casino
  (193 Ratings)
Slotland
  (405 Ratings)
Slotty Vegas
  (162 Ratings)
Bet365 Casino
  (480 Ratings)
InterCasino
  (188 Ratings)
Win A Day Casino
  (436 Ratings)


Follow LCB on Facebook Follow LCB on Twitter Follow LCB on Pinterest Follow LCB on Google plus