Tag Archives: Alberto González del Solar

The board of Grupo Codere has informed investors that its plans to initiate additional liquidity financing of €100m have been temporarily postponed. The decision has been approved by Codere bondholders, who in April permitted corporate governance to pursue new financing options seeking €100m to assist Codere units in overcoming short-term financial pressures due to rising operating costs. Consequently, bondholders will …

Grupo Codere has notified investors that it must raise €100m in capital as the heritage Spanish gambling firm “finds itself in a probable insolvency situation”.  Yesterday, Codere published an updated ‘reorganisation and refinancing plan’, outlining that a request for €100m liquidity financing to be added to the board’s ongoing ‘2023-to-2027 recovery programme’. Codere maintains that it has achieved the initial …

Codere SA has published a performance update on Q4 2021 trading activities – a period that saw the Spanish gambling group delist from the Bolsa Madrid exchange to comply with bondholders’ orders. During Q4 trading, Codere registered corporate revenues of €291m, a  result that saw the company match 85% of like-for-like revenues achieved during Q4 2019  prior to its business …

Vicente Di Loreto has chosen to end his leadership tenure as Chief Executive of Spanish gambling group Codere.  This morning, Nueva Codere – the business identity of Grupo Codere SA under the ownership of bondholders – published a leadership succession plan informing the market that Di Loreto would be replaced by the new leadership duo of Alberto González del Solar …