Home | Gambling News | Cherry AB Purchases Huge Stake Share From Almor Holding Limited

Cherry AB Purchases Huge Stake Share From Almor Holding Limited

06.07.2015 | Antoan Tok

Cherry AB is a giant gambling operator that specializes in both – sports betting and live casino games – and that is based in Sweden. The Swedish company has recently announced that it is about to make a huge acquisition and it seems that it will keep its promise. What Cherry AB is oriented to, of course, is a company from the same niche – Almor Holding Limited, which as you know quite well, is also an online operator that is located in Malta.

Cherry AB is about to take 71% share of the Malta-based gambling company. The deal is already closed – finished in 1st of July this year – and it is only a matter of time Cherry AB to make some reorganization in Almor Holding. This is, though, not the end of Cherry AB`s plans to acquire. According to the deal both companies closed, Cherry AB will have the right to acquire the rest of Almor Holding in the next 4-5 years share by share. Eventually, the two companies will probably become one, but the Swedish gambling group did not yet mention any concrete plan as to the future collaboration between the two sites.



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