Betclic Everest to reduce stake in bet-at-home
Betclic Everest Group is to reduce its majority shareholding in bet-at-home by approximately 10%.
The firm intends to place up to 350,000 shares with institutional investors in the scope of a structured process.
However, despite the planned sale, Betclic said it intends to retain its role as the majority shareholder in bet-at-home, with plans in place to continue its support of the development of the online operator.
In a statement confirming the planned share sale, bet-at-home said: “With this measure, Betclic Everest Group supports the strategy of the management board of bet-at-home.com which aims to increase the presence of the company in the capital market, its free float and the liquidity of the shares.
“There are no existing plans to sell further shares of bet-at-home.com.”
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