SMB offload 47% stake in Betclic Everest Group

Finance News

SMB Group has confirmed the sale of its 47% stake in Betclic Everest Group, a French online gambling company, in a deal that garners a €710 million profit for Monaco’s largest company.

Luxembourg company Monte Carlo SBM International S.à.rl (SBM International), sold and donated a 47.30% stake in Betclic Everest Group on June 30, 2022.

As a result, FL Entertainment is currently listed on the Euronext Amsterdam regulated market, with SBM International holding 4.95% of the company’s voting rights and 10.39% of its effective economic rights.

“Because this transaction will have a significant positive impact on SBM’s consolidated financial statements for the 2022/2023 fiscal year, SBM International will carry out its development strategy while maintaining a significant investment in world leaders. It provides financial resources for the company, which operates in an attractive market segment with strong potential.