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mybet to sell off stake in German horse racing betting operator

8th June 2016 7:31 am GMT

German gaming operator mybet Holding has agreed to sell off its entire stake in pferdewetten.de AG, the Malta-licensed horse racing betting business.

mybet’s 52.2 per cent stake in pferdewetten.de, amounting to 1,810,307 shares, will be sold to individual investors, with the total purchase price for the holding to be published after the closing of the transaction. The fees for the individual transactions are yet to be finalised.

Founded in 1997 as e.multi Services AG before being rebranded [...]

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