Sale of Spain joint venture
William Hill PLC (LSE: WMH) (William Hill or the Group) announces completion of Codere’s purchase of William Hill’s 50% stake in the Victoria Apuestas joint venture.
As previously announced, following a strategic review by William Hill PLC and Codere S.A. of Victoria Apuestas, the joint venture in Spain, the parties agreed on 13 May 2009 to the gradual withdrawal of William Hill from the joint venture as William Hill decided to focus its international sports betting strategy on the internet via William Hill Online. Pursuant to the terms of the agreement, on 20 January 2010 Codere completed the purchase of William Hill’s 50% stake in the company for one euro.
William Hill PLC
Ralph Topping, Chief Executive
Simon Lane, Group Finance Director
Lyndsay Wright, Head of Investor Relations
Tel: +44 (0) 20 8918 3600
Simon Sporborg / Justine McIlroy / Tom Williams
Tel: 020 7404 5959
About William Hill PLC
William Hill is a leading betting and gaming company. It is one of the UK's largest bookmakers, with around 2,300 shops in the UK and Ireland that provide betting opportunities on a wide range of sporting and non-sporting events, and offer gaming machines. William Hill Online provides internet-based sports betting, casino, poker and bingo, and is one of the leading European online betting and gaming businesses operated by a listed company.