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FX.co ★ Casino Issues Update On Financial Restructuring Transaction - Quick Facts

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typeContent_19130:::2024-02-05T07:09:00

Casino Issues Update On Financial Restructuring Transaction - Quick Facts

The casino group has revealed that anti-trust authorities in Serbia, Northern Macedonia, Morocco, and Kosovo have granted approvals for the group's control acquisition as an aspect of their financial restructuring. This acquisition will be managed by a consortium consisting of EP Equity Investment III, Fimalac, and Attestor, with the consortium's acquisition vehicle under the control of EP Equity Investment III, a company overseen by Daniel Kretinsky.

Earlier this month, the European Commission also authorized the transaction under the Foreign Subsidies Regulation. In addition, the reinsurance subsidiary, Casino RE, has been granted approval for changes in indirect control by the Luxembourg Insurance Authority.

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