The battle between Grupo Codere investors and the enterprise founding Sampedro family intensifies as former Group President and Chief Executive Jose Antonio Sampedro refuses to sign-off the firm’s 2018 accounts. The embattled Bolsa Madrid gambling group, sees itself caught in the middle of boardroom feud between the Sampedro family who maintain 19% of the company’s shareholding and Codere’s multiple US …
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Codere given 48 hour bankruptcy lifeline
Spanish gambling operator Codere SA has been granted a 48 hour extension to solve its corporate debt restructure with creditors, as the operator looks to avoid entering bankruptcy protection. In a meeting between Codere bondholders and senior facility lenders, Codere had been granted a further 48 hours, to its existing May 10 insolvency deadline. Codere SA had been seeking new …
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