888 and William Hill, the acquisition of the non -American business of the giant is finally on the right way, and everything should end in the first 3 months of the new year.
Or, at least, it is what he says 888. It would seem, precisely, that by March 2022 it should be able to conclude the acquisition of non -American operations from Caesars Entertainment.
But let's find out something more in this article written by our company acquisition expert, Davide.
888 and William Hill: the agreement
888 is now near the acquisition agreement of the non -American business of William Hill.
The company, still in September, agreed the purchase for 2.6 billion $, For an agreement that he said will create what will be a Global leader in online game and bets.
With the acquisition, moreover, in the event that 888 decided to keep the properties of william hill It will also enter the world of retail.
In recent months the company has Already obtained all compulsory regulatory authorizations regarding antitrust and game.
What remains to conclude the sale?
The agreement between 888 and William Hill though It still remains subject to other conditions. Must first be approved by shareholders of 888 With a meeting and with a subsequent vote set for the beginning of 2022. The prospectus of the acquisition and the circular, necessary for shareholders to vote on the agreement, will also be issued at the beginning of the new year.
In addition, the Financial Conduct Authority of the United Kingdom must approve the readmission of ordinary actions 888 to the Premium Listing segment of its official list, while the London Stock Exchange must also approve the readmission to market negotiation main listed securities.
Then the William Hill group must be completely reorganized, given that US activities and I must not be divided.
If in the end all the conditions are satisfied, 888 thinks he can complete the acquisition in the first quarter of next year.
The steps made by 888 for the non -American business acquisition by William Hill
888 said that too The planning of integration has progressed well, and already has Appointed Guy Cohen as a senior vice -president and director of integration to assist in the integration process.
Cohen, the former senior vice -president and head of the B2C of 888, will work with the senior team of William Hill for carry on preparations for integration in view of the completion of the deal.
888 confirmed i plans necessary to collect about 500 million pounds through theissue of new actions in an increase in capital, which should be put into practice prior to the completion of the acquisition.
The declarations of 888
The CEO of 888, on the acquisition of the non -American business of William Hill said: "This transaction will create one of the leading online game and online betting groups with a higher staircase, one leader technology, greater diversification and a platform for strong growth, supported by a portfolio of iconic brands ".
And he added: “The appointment of Guy Cohen also strengthens our leadership and our commitment in this important process. This because We try to exploit the significant experience and talent of both companies for the benefit of the combined group.”
“I am pleased that we have now sprung up a series of important milestones towards the completion of the acquisition. Give the strong progress we have done now, now We expect the transaction to be completed in the first quarter of 2022null We are enthusiastic about the opportunities that await us as we combine two powerful and complementary activities. ”He concluded by saying.