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Kindred Group completes the acquisition of Blancas NV

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 On line casino-Kursaal (Blancas) NV, which operates On line 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 On line casino Blankenberge, which is without doubt one of the 9 land-based casinos working in Belgium. Blancas NV lately efficiently renewed its on line casino licences with the Belgian Gaming Fee in addition to the concession settlement with town 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 will probably be operated as a separate entity inside the Kindred Group underneath the management of the present administration workforce led by Dominique De Wilde.

The overall 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 relating to the Blancas NV acquistion:
https://www.kindredgroup.com/media/press-releases/2020/kindred-acquires-blancas-nv-to-strengthen-kindreds-broad-offering-in-the-belgian-market/

This disclosure comprises info 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 individual, on 01-04-2021 17:30 CET.

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