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Will Hill Sells Stake in Spanish Joint Venture for €1

21st January 2010 9:23 am GMT

Having announced its withdrawal from the Spanish retail betting market last May, William Hill plc has finally completed the sale of its joint venture in Spain, with Codere S.A purchasing the company's 50% stake in Victoria Apuestas for a nominal €1.

Last year William Hill and Codere held discussions regarding the future strategic direction and capital requirements of their Victoria Apuestas joint venture.

The parties agreed to the gradual withdrawal of William Hill from the joint venture [...]

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