DD3 has published the presentation made for investors, which includes the details of its agreement with Codere Online. In this regard, it highlights that the mission of the company valued at 350 million dollars is to be the leading online gaming and sports betting operator in Latin America, for which the strength of the brand and the great visibility through long -term sponsorships.
As we published yesterday, Codere reported that its Board of Directors approved the sale of part of its online business (valued at 294 M) to DD3 Acquisition Corp. II (SPAC, a company with a special purchasing purpose). After the announcement, Codere became a main player on the stock exchange and its shares increased by up to 33%.
The report makes a comprehensive analysis of the market, opportunities, objectives, as well as the plan to achieve the proposed mission.
Here are some key aspects described by DD3 and Codere Online:
Leverage the online business in Spain and Mexico for expansion into the high-growth core markets of LatAm.
- Colombia, Panama, City of Buenos Aires
Enter expansion LatAm markets as they become regulated.
- Brazil, Chile, Peru, Puerto Rico, Uruguay, Argentina (other regions)
Find options to access the large US Hispanic market (60mm population)
We should also highlight the presentation of the Codere Online Management team
- Moshe Edree (Managing Director)
- Oscar Iglesias (Chief Financial Officer)
- Alberto Telias (Chief Marketing Officer)
- Gonzalo De Osma Bucero (Chief Accounting Officer)
- Deborah Guivisdalsky (Head of CRM / VIP)
Presentation of DD3 and Codere Online
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