๐ช๐ธGeorge Soros makes a powerful entry into the Spanish and Latin American gambling market! ๐ฒ๐ฅ
๐ช๐ธGeorge Soros makes a powerful entry into the Spanish and Latin American gambling market! ๐ฒ๐ฅ
๐ฅ Global impact! George Soros, one of the world's most powerful investors, has become a shareholder in Codere following a monumental debt restructuring in Spain. Alongside other giants like BlackRock and Invesco, the Soros Fund now holds 3.03% of the company, which will have its debt reduced by up to 0.9 times EBITDA. ๐ This historic restructuring reduces Codere's debt to unprecedented levels, ushering in a new era in the gambling industry!
๐ Highlights:
๐ช Soros in Gambling: The Soros Fund becomes a new shareholder of Codere after capitalizing debt into shares.
๐ฑ Historic Restructuring: Codere reduces its debt from 1.2 billion euros to just 128 million, an unprecedented achievement.
๐ช Giants Involved: In addition to Soros, other funds like BlackRock strengthen their position in the company.
๐ฑ Changes in control: The original founders, the Martรญnez Sampedro family, are left out after unsuccessful attempts to block the process.
๐ค The betting landscape has changed forever! With Soros and other giants now on board, Codere is prepared to lead the betting market in Spain and Latin America. A masterful move in the world of gambling!
7๏ธโฃ Soros and Codere: the power of smart money in action! ๐๐ฅ
#SorosInCodere #GamblingRevolution #GlobalBetting #CodereLeader
๐ฎ๐ณINR P2P FTD with 56% conversion and 7.5% commission. For more info contact @chresp
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