March 5, 2018 / 7:30 AM / 5 months ago

BRIEF-GVC Holdings Says To Acquire 51 Pct Equity Capital Of Mars Llc

March 5 (Reuters) - GVC Holdings Plc:

* SAYS AGREED TO INITIALLY ACQUIRE 51% OF EQUITY CAPITAL OF MARS LLC

* SAYS DEAL WITH A COMMITMENT TO ACQUIRE REMAINING 49% IN 2021

* ‍TO ACQUIRE AN INITIAL 51% OF EQUITY CAPITAL OF CRYSTALBET FOR A CONSIDERATION OF EUR 41.3M, PLUS A WORKING CAPITAL ADJUSTMENT, TO BE SATISFIED ALL IN CASH FROM EXISTING GVC RESOURCES​

* SAYS COMPLETION EXPECTED TO OCCUR BY END OF MARCH 2018

* ‍OPERATIONAL MANAGEMENT TEAM AT CRYSTALBET WILL REMAIN WITH CRYSTALBET, RETAIN FULL EQUITY SHAREHOLDINGS IN CRYSTALBET FOLLOWING INITIAL ACQUISITION​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below