Swedish gaming group Cherry has taken the option to acquire an additional 7.5 per cent of the shares in Malta-based i-gaming company Almor Holding, having initially acquired 75 per cent of Almor in 2015.
Cherry now owns 82.5 per cent of Almor, an online casino and sportsbook business specialising in German-speaking and some other European markets, and retains an option to acquire the remaining shares in the company within three years.
The additional 7.5 per cent of the shares will be paid for either with €1,219,889 cash or with Class B shares in Cherry, to the value of SEK11.7m (€1.225m).
