Unibet Hopes to Raise EUR 100 Million

Unibet Group plc (STO:UNIB) announced that E. Öhman J:or Fondkommission AB (”Öhman”) had been assigned to explore the possibilities of raising capital in the bond market to a maximal volume of EUR 100 million. Öhman has, together with the management of Unibet, carried out a so called “road show” and has had discussions with a number of investors. The conclusion from these discussions shows that the conditions for a successful capital raising are very good and consequently, the Board of Directors in Unibet has decided to issue a bond of a total nominal value of EUR 100 million. Allotment and final terms and conditions are settled through an auction process ending during Monday, December 17, 2007. Thereafter the final terms and conditions will be announced.

Last week, the company announced that it has signed an agreement to acquire 100 per cent of the Maltese company Maria Holdings Ltd, owned by the Swedish investment company Maria Invest AB. The agreement is subject to Unibet obtaining financing for the acquisition as well as certain other legal prerequisites being in place. Maria Invest AB’s subsidiary Parabol LTD owns several attractive domains like Mariabingo.com, Mariacasino.com, Carlospoker.com and Carlosplace.com. Maria Holding LTD owns Bingo.se.

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Gambling911.com News Wire

Originally published December 17, 2007 11:35 am EST