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Tag Archives: liquidation

Spain – Codere puts forward liquidation plan to stay afloat until reopenings

Spanish gambling giant Codere has reached an agreement with creditors to invest €225m, giving it breathing space until its businesses fully reopen following the COVID closures. The agreement however sees creditors take control of Codere’s operating business in a restructuring deal that will see Codere move into liquidation. Shares in the operator fell by 12…