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Cherry issues €50m bond to fund ComeOn acquisition

5th July 2016 9:20 am GMT

Stockholm-listed gaming operator Cherry has issued a €50m senior secured bond to be used to partially finance its acquisition of a 49 per cent stake in ComeOn Malta.

Cherry agreed to acquire the initial stake in ComeOn for €80m in May, with an option to acquire the remaining 51 per cent for up to €200m, exercisable between October 1st and December 31st this year. Its purchase of the 49 per cent stake is expected to be completed this [...]

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