Gamban 888 Intends To Complete The Absorption Of William Hill For 2.2 Billion Pounds Sterling
Giant igor sector 888 holdings stated it is counting soon to complete the absorption of the european business of the british company william hill. The amount of the transaction, which is planted to be finally close in the first quarter of 2022, is estimated at 2.2 billion pounds sterling.
In a statement published this morning, the gambling group confirmed that she received mandatory antitrust and preliminary permits for regulating the contract. This circumstance paved the path to the completion of the absorption.
Executive director 888 itai pozner commented on the news: "this transaction will create one of the world’s leading groups of online gambling with excellent, advanced technologies, increased diversification and a platform for strong growth, supported by the iconic brand portfolio".
He added: "given the significant progress, which we achieved within the last stage of negotiations, the joint states of the transaction in the fisur of the transaction in the fist. We are glad to open up before us, since we combine two powerful and complemenient business ".
It im important to note that after completion of the absorption, the new unit 888 will have to receive approval from american financial benefication (fca) for re-admixing ordinary shares of the company in the premium listing segment.
Indition, the london stock exchange sholdition to the main securitiesion to trades on the compltion of the reorganization of the william hill group. The brand will eventually divide its business, currently belonging to two separate gambling conglomerates, in the united states and outside the state.
Previously, the company 888 has set itself the goal of obtaining an additional 500 million pounds of sterling in the form of gross revenue by issuing new shares after the purchase of european capacities william hill.
Recall, william hill officially announced the closure of the three online brand casino.