Unibet Seeks $150 Million Expansion Fund
By Staff
Online gambling group Unibet has announced that it has asked an investment bank to explore the possibility of raising almost $150 million via the bond market to fund an acquisition strategy.

Stockholm-based Unibet has been in discussions for some time with a number of other companies regarding strategic acquisition in line with its objective of achieving growth within specific geographic markets. It announced in a statement released yesterday that the company’s Board of Directors now believes that one or more of these acquisitions may be realised.

'For the purpose of being financially prepared in connection with such acquisitions, Ohman Fondkommission has been assigned by the Board of Directors to explore the possibilities of raising capital in the bond market to a maximum volume of 100 million Euros in line with the company’s financial objectives,' read the Unibet statement.

The Swedish group has achieved high growth since it founding in 1997 and is one of the largest privately owned gambling operators in the European market. The company stated that it is continually evaluating acquisition alternatives with the objective of being one of the three largest participants in every market it enters.

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