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mybet Holding conducts exclusive talks about a joint venture with a strategic investor

DGAP-News: mybet Holding SE / Key word(s): Letter of Intent/Joint Venture

09.03.2018 / 14:47
The issuer is solely responsible for the content of this announcement.


mybet Holding conducts exclusive talks about a joint venture with a strategic investor

Berlin, 9 March 2018. The company mybet Holding SE (ISIN DE000A0JRU67) is currently engaged in negotiations with a strategic investor concerning a future strategic and operational joint venture in the online segment. The potential partner is a leading provider of sport bets and online casino games headquartered in Malta.

The company mybet Holding SE and the investor signed a non-binding agreement regarding the possible execution of a transaction that will give the investor at least 30 days' exclusivity with an optional 30-day extension for these negotiations. The objective is to establish a joint venture based in Malta, in which mybet Holding SE will directly or indirectly hold 51 per cent of the shares. After that, in particular, the investor will contribute equity in a medium single-digit million range that is to serve predominantly to finance future investments in market activities. mybet Holding SE is to contribute its online business.

"The joint venture gives us a fantastic opportunity to benefit from the expertise and skills of the potential partner. Besides, the existing partner licences will enable us to continue expanding our business," says Markus Peuler, CEO of mybet Holding SE.

On account of the exclusive talks with the strategic investor, there will be changes in the financial calendar of mybet Holding SE. The release of its Annual Report will be on 27 April 2018.


mybet Holding SE
The mybet Group is a licensed provider of sport bets and online casino games in a number of European countries, based in Berlin and locations in Cologne and Malta. mybet offers its betting and gaming products via the Internet platform mybet.com and, via a franchise system, also in stationary mybet shops. In addition, the group of companies supplies regional betting providers in Europe and Africa as a B2B service provider.
The company mybet Holding SE is the parent company of the mybet Group. The shares of mybet Holding SE (ISIN DE000A0JRU67) are listed in the Prime Standard segment of the Frankfurt Securities Exchange.
Further particulars: www.mybet-se.com | www.mybet.com | www.mybet-shop.com


Contact:
mybet Holding SE
Karl-Liebknecht-Strasse 32
D-10178 Berlin
Investor & Public Relations
tel +49 30 22 90 83-161
fax +49 30 22 90 83-150
e-mail ir@mybet.com



09.03.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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