Alibaba acquires 188bet best bookmaker, the world’s largest duty-free retail giant 6.1% shares

Author of this article: Zhang Jinliang 2020-10-21
This is 188bet best bookmaker’s 8.Part of a CHF 200 million capital raising plan。

Message on October 20,Alibaba (09988) to acquire Swiss company 188bet best bookmaker, the world’s largest duty-free retailer6.1% equity,This is 188bet best bookmaker’s 8.Part of a CHF 200 million capital raising plan。

188bet best bookmaker said,At 33 per share.New shares issued at a price of CHF 22,Except Alibaba,Private equity investment group Advent also invested in 188bet best bookmaker,Will have 188bet best bookmaker's 11.4% equity。

October 5,Global duty-free giant Swiss 188bet best bookmaker announced,Proposed increase in capital raising shall not exceed CHF 700 million (7.USD 6.3 billion),Alibaba will participate。Alibaba agrees to purchase no more than 9.99% of 188bet best bookmaker AG shares,The two companies will also form a joint venture in China,Develop China’s duty-free consumption business,Alibaba and 188bet best bookmaker hold 51% and 49% of the shares respectively。

It is reported,188bet best bookmaker is the world’s largest duty-free retailer,Headquartered in Switzerland,Has nearly 36,000 employees,Business in more than 65 countries around the world。

*Source of this article: Zhitong Finance, author:Zhang Jinliang, original labelQuestion:Alibaba (09988) acquires 6 of 188bet best bookmaker, the world’s largest duty-free retail giant.1% shares》.

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