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Sportingbet says Centrebet deal terms agreed
SPORTINGBET yesterday agreed terms for its acquisition of Australian online bookmaker Centrebet, which it will look to fund by raising £130m through the issue of new shares and a convertible bond.
Sportingbet will issue 154,761,904 new shares at a price of 42p each and £65m in nominal value of convertible bonds. Chief executive Andrew McIver said the deal would make it the leading corporate bookmaker in the “fast-growing” Australian market.