Tag Archives: Martinez Sampedro

Codere appoints Rafael Catalá as legal counsel ahead of crucial family showdown

SBC News Codere appoints Rafael Catalá as legal counsel ahead of crucial family showdown

Rafael Catalá, Spain’s former justice minister, has been forced to take control of Codere SA’s legal counsel to oversee the firm’s ongoing shareholder dispute between the Martinez Sampedro family and US debt holders. Spanish business news sources report that an embattled Codere no longer maintains a functional counsel to advise its corporate governance, following the successive departures of three executives …

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Codere in ‘conflict of interest’ lawsuit following Martinez Sampedro share dilution

SBC News Codere in ‘conflict of interest’ lawsuit following Martinez Sampedro share dilution

Embattled Spanish gambling operator Grupo Codere has been issued a lawsuit by ‘former Codere shareholders’ regarding its April share capital disbursement which saw the controlling Martinez Sampedro family reduce its corporate equity to 2%. The share dilution which aimed to raise + €450 million in capital in order to ease the company’s + €1 billion debt with existing creditors is …

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Martinez Sampedro family dilutes Codere SA stake to 2% following share capital disbursement

SBC News Martinez Sampedro family dilutes Codere SA stake to 2% following share capital disbursement

Embattled Spanish gambling operator Grupo Codere SA (Codere) has issued a new share capital increase valued at circa €494 million (£400 million). Executing its share issue with Spain’s National Securities Market, Codere will approximately release 2.47 billion shares at a value of € 0.20c (per share). Codere’s share distribution will be primarily used to offset its current + €1 billion …

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