Intertain Completes Acquisition of Dumarca Holdings

The acquisition of Dumarca Holdings PLC, owner of Vera&John, by the Intertain Group is now complete.

Intertain paid Euro 44.5 million in cash and approximately 5 million in common Intertain shares with an additional payment capped at Euro 8.1 million which may be due in 2015 or 2016.

In a statement, Dan Anderson, director of Dumarca Holdings PLC, said, "We have formed a great team within Vera&John, and look forward to leveraging our abilities to drive revenue synergies across the group and increase the value of our material share ownership."
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    catapultaudio

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    Wow, interesting to hear that the "Vera and John Group" is doing so well, I always thought it was one of the most random (and weird!) names for a casino anyway, and hearing they have this kind of money to splash around makes the whole thing even more bizarre. Respect to them though all the same!
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    SassyGirlMe

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    Intertain paid Euro 44.5 million in cash and approximately 5 million in common Intertain shares with an additional payment capped at Euro 8.1 million WOW. I do believe that these companies are banking it big time if they can purchase company's for that kind of money better yet if a company is worth that kind of money. Unreal

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