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Mybet Holding discusses joint venture with strategic investor

9 Mar 2018

(PRESS RELEASE) -- The company mybet Holding SE is currently engaged in negotiations with a strategic investor concerning a future strategic and operational joint venture in the online segment. The potential partner is a leading provider of sport bets and online casino games headquartered in Malta.

The company mybet Holding SE and the investor signed a non-binding agreement regarding the possible execution of a transaction that will give the investor at least 30 days' exclusivity with an optional 30-day extension for these negotiations. The objective is to establish a joint venture based in Malta, in which mybet Holding SE will directly or indirectly hold 51% of the shares. After that, the investor will contribute equity in a medium single-digit million range that is to serve predominantly to finance future investments in market activities. Mybet Holding SE is to contribute its online business.

"The joint venture gives us a fantastic opportunity to benefit from the expertise and skills of the potential partner. Besides, the existing partner licenses will enable us to continue expanding our business," says Markus Peuler, CEO of mybet Holding SE.

On account of the exclusive talks with the strategic investor, there will be changes in the financial calendar of mybet Holding SE. The release of its Annual Report will be on 27 April 2018.
 
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