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 played Double Da Vinci Diamonds

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

Casino Of The Month

Casino of the Month

In the last 24h

Totals

  • New Members
    29
  • Members Online
    532
  • Guests
    2,006
Highest Community Rated Online Casinos
NextCasino
  (154 Ratings)
Bet365 Games
  (167 Ratings)
Unibet Casino
  (134 Ratings)
CasinoLuck
  (222 Ratings)
Betsson Casino
  (211 Ratings)
Betsafe Casino
  (182 Ratings)
Spin Palace Casino
  (119 Ratings)
Mr Green Casino
  (283 Ratings)
Redbet Casino
  (148 Ratings)
Slotty Vegas
  (114 Ratings)
Sin City Casino
  (101 Ratings)
32 Red Casino
  (308 Ratings)
Guts Casino
  (175 Ratings)
Intertops Red Casino
  (123 Ratings)
Vera John Casino
  (178 Ratings)
Winner Casino
  (342 Ratings)
ComeOn Casino
  (239 Ratings)
BETAT Casino
  (192 Ratings)
Liberty Slots Casino
  (185 Ratings)
Intertops Casino Classic
  (111 Ratings)
Thrills Casino
  (133 Ratings)
Casumo
  (136 Ratings)
Ladbrokes Casino
  (156 Ratings)
Jetbull Casino
  (105 Ratings)
24hBet
  (31 Ratings)
Royal Vegas Casino
  (134 Ratings)
Vegas Red Casino
  (191 Ratings)
InterCasino
  (138 Ratings)
Slotland
  (302 Ratings)
3Dice Casino
  (251 Ratings)


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