Fortuna Entertainment In Euro 47 Million Deal With Its Majority Stakeholder

FORTUNA ENTERTAINMENT IN EURO 47 MILLION DEAL WITH ITS MAJORITY STAKEHOLDER

16th March, 2017 at 08:13:32
Source: http://www.azonlinecasinos.com

Czech group will take over the Romanian betting and gambling companies of Fortbet Holdings.

Fortbet Holdings, a subsidiary of the Penta Investment Group and a major stakeholder in Czech online and land gambling group Fortuna Entertainment, has announced that it is to sell its Romainan betting and gambling companies to Fortuna for a consideration of Euro 47 million.

The transaction should be completed in the second quarter of 2017 and follows a Fortuna initiative to take over the Hattrick Sports Group (see previous reports).

Fortuna's board has approved the refinancing of existing loans in the amount of roughly EUR 160 million.

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