Casigrangi to obtain Société Française de Casinos

Groupe Philippe Ginestet subsidiary, Casigrangi, has reportedly been given the nod via the French Ministry of the Inside to obtain a minimum of 79.37 % of the proportion capital in conjunction with vote casting rights of Paris-based corporate Société Française de Casinos (SFC) (SFCA:EN Paris).

In its November 5, 2020 press unlock (pdf), the French on line casino crew (SFC) stated it “had knowledgeable its shareholders that the deliberate acquisition of Casigrangi used to be conditional at the fulfilment of a number of prerequisites precedent together with the purchase of a minimum of 50.1 consistent with cent of the proportion capital and vote casting rights of SFC and approval of the purchase venture via the Ministry of the Inside.

Circus Crew motion:

“Groupe Circus has been solely brushed aside of its requests via the Paris Business Courtroom geared toward forcing Frameliris to conclude a deed of sale beneath the phrases of which the Circus Crew would achieve all the Corporate’s stocks held via Frameliris at a worth of one.50 euros, and to ban the sale of the corporate’s securities held via Frameliris to somebody instead of the Circus Crew (and subsequently, if truth be told, to ban the sale of stated securities to Casigrangi).”

The Circus Crew (Ardent Crew) has reportedly appealed the verdict.

“Insofar as Frameliris has showed to Casigrangi the loose transferability of the stocks it holds in SFC, SFC and Casigrangi imagine that those ongoing procedures of Groupe Circus don’t preclude the continuation of the purchase venture via Casigrangi. Some commonplace technical prerequisites precedent stay to be lifted with a view to finalize the purchase transaction deliberate via Casigrangi,” added the SFC.

Shareholders knowledgeable:

In July this 12 months, SFC knowledgeable its shareholders of Casigrangi’s plan to take keep an eye on of the on line casino crew and had entered into an unique memorandum of working out and switch protocols permitting the purchase, at a worth of €1.70 consistent with percentage, 42.32 % of the proportion capital and vote casting rights of the corporate, in step with an previous document.

Casigrangi is the protecting corporate of the crowd of casinos recognized beneath the logo Stelsia On line casino, which owns casinos running in Granville, Megève and Mimizan.

Established in 1995, Société française de Casinos owns and operates 4 casinos in France, together with On line casino de Châtel-Guyon, On line casino de Collioure, On line casino de Gruissan, and On line casino Port l. a. Nouvelle and is lively within the eating place, lodge, displays and occasions companies. 

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