Radar > 231048

Codere proposes EUR 494.94m capital increase to shareholders

Codere planteará a sus accionistas una ampliación de capital de EUR 494,94m

Intel ID : 231048
Synopsis

Spain-based Codere (BME:CDR) Board of Directors will propose a EUR 494.94m capital increase to its shareholders in the next Extraordinary Meeting, scheduled for 4 and 5 December 2015, in Alcobendas, as reported by the company through a relevant fact published by Securities Commission CNMV on 2 November 2015.

The capital increase will be structured as a credit capitalization transaction.

At the Extraordinary General Meeting, the shareholders will consider the creation of a new company, named Codere Newco, which would receive all of Codere's assets.
(content in spanish)

El Consejo de Administración de la empresa española Codere (BME:CDR) planteará en la próxima Junta General Extraordinaria de accionistas, que se celebrará los días 4 y 5 de diciembre de 2015 en Alcobendas, la realización de un aumento de capital por importe de aproximadamente EUR 494,94m, según ha comunicado la propia compañía en un hecho relevante remitido a la Comisión Nacional del Mercado de Valores (CNMV) con fecha 2 de noviembre de 2015.

El aumento de capital se estructuraría como una operación de capitalización de créditos.

En la Junta General Extraordinaria de accionistas se planteará también la constitución de una nueva compañía, denominada Codere Newco, a la que se transmitiría en bloque todo el patrimonio de Codere.

Relevant Documents

Issuer


Intel ID 231048
Value EUR 494,94m
Native Currency Euro (EUR)
Financial Data - Codere
(31 Dec 2020)
Revenue: EUR 575,73m
Net Debt: EUR 1.313,85m
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Issuer

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Sports and Leisure (Primary)
Primary Sector (TTRSC)
15.10.01 Casinos & Gambling
15 Consumer Products & Services / 15.10 Travel, Hospitality & Leisure

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Description

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verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.