Kindred Group completes the acquisition of Blancas NV

VALLETTA, Malta, April 1, 2021 /PRNewswire/ — Kindred Team has on 1 April 2021 completed the previously introduced acquisition of 100% of the shares in Blankenberge Casino-Kursaal (Blancas) NV, which operates Casino Blankeberge in Belgium, from the Rank Team Plc.

Kindred Group entered into an arrangement on 29 Oct 2020 to acquire 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 a single of the 9 land-dependent casinos running in Belgium. Blancas NV a short while ago correctly renewed its on line casino licences with the Belgian Gaming Fee as perfectly as the concession arrangement with the city of Blankenberge for a 15-year interval which commenced in January 2021.

The acquisition will solidify Kindred’s long-term operations and commitments in Belgium and will allow Kindred to continue to supply an desirable giving to Belgian customers. Blancas NV will be operated as a independent entity inside of the Kindred Group under the management of the current management team led by Dominique De Wilde.

The complete acquistion price tag was GBP 25 million on a dollars free of charge and personal debt totally free foundation and has been settled in income.

See also the prior press launch concerning the Blancas NV acquistion:

This disclosure contains information that Kindred Group is obliged to make public pursuant to the EU Sector Abuse Regulation (EU nr 596/2014). The info was submitted for publication, by the agency of the contact person, on 01-04-2021 17:30 CET.