Monte-Carlo SBM sheds Betclic stake

Home » Monte-Carlo SBM sheds Betclic stake

The Luxembourg-based casino operating company, Monte-Carlo SBM International, has completed the shedding of the 47.3 per cent stake it held in Betclic Everest Group to the Dutch company FL Entertainment.

SBM is a subsidiary of the Societe des Bains de Mer et du Cercle des Etrangers a Monaco. FL Entertainment, listed on the Euronext Amsterdam and SBM holds 4.96 per cent of the voting rights and 10.349 per cent of the effective e economic rights of the company.

The operation is expected to have a substantial impact on the finances of the SBM Group in the coming year.

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