Tag Archives: Sampedro family

Codere seeks to end Sampedro drama at ‘critical AGM’

Bolsa Madrid gambling firm Grupo Codere SA is set to host a ‘critical showdown’ at its annual general meeting set for Monday 26 July, as corporate stakeholders seek to settle the governance dispute between US debt holders and the enterprise founding Martínez Sampedro family. Spanish business news sources report, that Codere investors will seek to remove Martínez Sampedro board representatives’ …

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Codere puts forward ‘2021 transformation plan’ with uncertain horizons

Spanish business news sources have reported that the governance of embattled Bolsa Madrid gambling group Codere SA, are reviewing all financing options as the company embarks on a ‘three-year corporate transformation plan’. Closing 2018, a year in which Codere was branded as the Madrid exchange’s ‘biggest bleeder’, seeing its share price collapse from January’s €9.50 to €2.40 for its December …

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All eyes on wounded Grupo Codere

European business analysts are monitoring the movements of Bolsa Madrid gambling firm Grupo Codere SA closely, as the embattled company faces multiple obstacles in its corporate recovery. Following the publication of its Q3 2018 trading update (13 Nov) in which the company posted year-to-date net losses of €55 million, Codere has witnessed its share price collapse from €6.20 to €2.85 …

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Sampedro family fails to overturn Codere’s new leadership appointments

Madrid’s Commercial Court has rejected the appeal put forward by the Sampedro family, seeking to overturn the appointment of a new executive leadership team at Grupo Codere. The appeal was sanctioned by former Codere CEO & Co-Founder José Antonio Martínez Sampedro, who was accompanied by Luis Javier Martínez Sampedro (former GM of Codere Americas) in seeking to annul the decision …

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