BAINS DE MER MONACO: Online games: contribution / disposal of the stake held in Betclic Everest Group
SEA BATHING SOCIETY
AND THE CIRCLE OF FOREIGNERS IN MONACO
Monegasque public limited company with capital of €24,516,661.
Headquarters: Monte-Carlo – Place du Casino, Principality of Monaco.
RCS: Monaco 56 S 523 – Siren: 775 751 878.
Online games: contribution / disposal of the stake held in Betclic Everest Group
Monaco, May 11, 2022
Société des Bains de Mer et du Cercle des Etrangers à Monaco announces that its subsidiary, the Luxembourg company Monte-Carlo SBM International S.à.rl (“SBM International”), entered into an agreement on 10 May 2022 under the terms reserved SBM International is committed to transferring, by way of sale and contribution, the entire 47.30% stake it holds in Betclic Everest Group (“BEG”) to the Dutch company FL Entertainment S.A. (“FL Entertainment”).
This announcement is part of the conclusion on May 10, 2022 of an agreement for a business combination between Pegasus Entrepreneurial Acquisition Company Europe BV (“Pegasus Entrepreneurs”), a “ Special purpose company (SPAC), and FL Entertainment, a world leader in entertainment around two complementary and successful subsidiaries in attractive market segments with high growth potential: Banijay (the largest independent content production company in the world, with more than 120 production companies in 22 countries) and BEG (a major player in online games in Europe and one of the leaders in sports betting, whose platform is experiencing the strongest growth in Europe). The merged entity will be listed on the regulated market of Euronext Amsterdam.
This participation of SBM International in the operation will allow the continuation of a successful partnership, led with Stéphane Courbit (future chairman of the board of directors of FL Entertainment) since May 2009, on the occasion of the acquisition of a stake by SBM International in BEG. The operation values the share of BEG’s capital held by SBM International at 850 million euros, compared with its initial financial investment of 140 million euros in 2009.
This transaction should be finalized on June 30, 2022, subject to approval by the extraordinary general meeting of shareholders of Pegasus Entrepreneurs and subject to the fulfillment of certain customary conditions precedent.
If carried out, this operation will have a very significant positive impact on the consolidated financial statements of the SBM Group for the next financial year 2022/2023 and will provide the financial means to SBM International to pursue its international development strategy.
ISIN: MC0000031187