International edition
October 21, 2020

The agreement includes the maintenance of the Caliente brand

Codere consolidated its position in Mexico

(Mexico).- The Codere Group announced the signing of an agreement on the redesign of their partnership contract with Grupo Mexico, the exchange of shareholdings and the restructuring of outstanding debts.

G

rupo Caliente is a leading group in the gaming industry in Mexico to which Codere provides management services and financing to develop gaming facilities since 1997.

The agreement includes the restructuring of the debt of approximately us$ 121 million through the acquisition by Codere of 67% participation of 46 licenses belonging to Grupo Caliente. By its part, Grupo Caliente acquires 33% of shares of Promojuegos and Mio Games owned by Codere.

The agreement includes the maintenance of the Caliente Brand and the adapting of the some existing contracts. It will come into effect once approved by local authority.

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