Unibet´s acquisition of the Solfive Group finalised
12/12/2011 7:10 AM EST
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.
For more information:
Inga Lundberg, Investor Relations +44 788 799 6116
About Unibet
Unibet was founded in 1997 and is an online gambling company listed on NASDAQ OMX Nordic Exchange in Stockholm. Unibet is one of the largest privately-owned gambling operators in the European market and provides services in 27 languages through www.unibet.com, www.unibet.it and www.maria.com. Today, Unibet has more than 5.5 million customers in over 100 countries. Unibet is a member of the EGBA, European Gaming and Betting Association, RGA, Remote Gambling Association in the UK and is audited and certified by eCOGRA in relation to responsible and fair gaming.
More information about Unibet Group plc can be found on www.unibetgroupplc.com