VALLETTA, Malta, April 1, 2021 /PRNewswire/ — Kindred Group has on 1 April 2021 accomplished the beforehand introduced acquisition of 100% of the shares in Blankenberge Casino-Kursaal (Blancas) NV, which operates Casino Blankeberge in Belgium, from the Rank Group Plc.
Kindred Group entered into an settlement on 29 October 2020 to accumulate 100% of the shares in Blancas NV from The Rank Group Plc. Blancas NV is the license holder and operator of Casino Blankenberge, which is one of the 9 land-based casinos working in Belgium. Blancas NV lately efficiently renewed its on line casino licences with the Belgian Gaming Commission in addition to the concession settlement with the metropolis of Blankenberge for a 15-year interval which began in January 2021.
The acquisition will solidify Kindred’s long-term operations and commitments in Belgium and can permit Kindred to proceed to supply a gorgeous providing to Belgian clients. Blancas NV can be operated as a separate entity inside the Kindred Group below the management of the present administration crew led by Dominique De Wilde.
The complete acquistion worth was GBP 25 million on a money free and debt free foundation and has been settled in money.
See additionally the earlier press launch concerning the Blancas NV acquistion:
This disclosure comprises data that Kindred Group is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The data was submitted for publication, by means of the company of the contact particular person, on 01-04-2021 17:30 CET.