VALLETTA, Malta, April 1, 2021 /PRNewswire/ — Kindred Group has on 1 April 2021 completed the earlier declared acquisition of 100% of the shares in Blankenberge On line casino-Kursaal (Blancas) NV, which operates On line casino Blankeberge in Belgium, from the Rank Group Plc.
Kindred Group entered into an settlement on 29 October 2020 to receive 100% of the shares in Blancas NV from The Rank Group Plc. Blancas NV is the license holder and operator of On line casino Blankenberge, which is one particular of the nine land-based casinos running in Belgium. Blancas NV not too long ago efficiently renewed its on line casino licences with the Belgian Gaming Commission as properly as the concession arrangement with the city of Blankenberge for a 15-12 months interval which began in January 2021.
The acquisition will solidify Kindred’s extensive-time period functions and commitments in Belgium and will allow for Kindred to continue to present an beautiful presenting to Belgian buyers. Blancas NV will be operated as a individual entity in just the Kindred Team underneath the leadership of the present administration workforce led by Dominique De Wilde.
The total acquistion price tag was GBP 25 million on a hard cash free of charge and personal debt no cost foundation and has been settled in money.
See also the prior press release about the Blancas NV acquistion:
This disclosure includes details that Kindred Group is obliged to make general public pursuant to the EU Sector Abuse Regulation (EU nr 596/2014). The info was submitted for publication, as a result of the agency of the call person, on 01-04-2021 17:30 CET.