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Codere increases stake in Mexican horse racetrack operator

19th August 2011 8:19 am GMT

Spanish gaming group Codere S.A has taken up a call option to acquire an additional 35.8 per cent share in Mexican partner CorporaciĆ³n Interamericana de Entretenimiento Las Americas (ICELA), operator of the Hipodromo de Las America horse racetrack and a division of Mexican entertainment giant Grupo CIE.

Codere currently owns a 49 per cent share of ICELA and will increase its holding in the company to 84.4 per cent following the completion of the call option, [...]

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