Cherry Completes Sale Of Maritime Gaming Interests

CHERRY COMPLETES SALE OF MARITIME GAMING INTERESTS

08th November, 2012 at 13:54:52
Source: http://www.azonlinecasinos.com

Offloads maritime business area to narrow focus on online gaming

Swedish gaming company Cherry AB has completed the sale of all shares in Cherry Maritime Gaming AB, Astral Maritime Services Ltd and Cherry Services Ltd to Bell Casino AB (see previous report).

Cherry received a consideration of SEK 36.3 million through the purchase settlement, dividends from the sold subsidiaries and from repayment of debt to the parent company with Cherryґs net cash position increasing by SEK 27.8 Million.

Moving forward Cherry will focus its resources on its remaining business area Online Gaming and Restaurant Casino.

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