International edition
September 28, 2020

Currently, the Martínez Sampedro family controls the 71% of the capital of the firm

Codere owners will repurchase bonds for 20 million euros

(Spain).- Current owners of Codere, Martínez Sanpedro family, has made an offer to repurchase up to 20 million euros of the bond issuance of 340 million they performed through a family society Masampe Holding. The price of the repurchase of titles will be fixed next December 17th.

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urrently, the Martínez Sampedro family controls the 71% of the capital of the operator of de bingo halls and casinos. However, the future of this participation is uncertain, because it is in the middle of a sale process, after the current owners did not pay the 187 million the owed to their former partners, Franco brothers.

The bond issuance is connected to the 340 million loan that Masampe subscribed to face the acquisition of its participation in 2006. The loan had an annual interest of 7.5%, that would be paid in the deadline, on December 15th, 2015, according to the brochure that announced that Codere would start operating in the stock market in October 2007.

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