[2011-12-12 12:10]
Following the approval by ARJEL on 8 December, Unibet Group plc has today finalised the acquisition of 100 per cent of the French company Solfive SAS.
The acquisition price is EUR 5.625 million (GBP 4.8 million), plus net cash adjustment of EUR 1.5 million (GBP 1.3 million) which has been paid as cash up front today. Unibet has also provided funds to Solfive to enable the company to settle a fixed debt of EUR 2.375 million (GBP 2.0 million). Depending on trading results in the first six months an earn-out may be payable.
Unibet Group plc will consolidate Solfive SAS as from today in its results.
Unibet will now rebrand the platform from Eurosportbet.fr to Unibet.fr following a short transition.
The following files are available for download:
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