Redbet pay out out two numerous litigation

Abbatina sued Redbet of tens of millions develops into piece owner of the gaming corporation.

Just more than a yr in the past, the conflict involving the company Abbatina Malta and gaming firm Redbet Keeping observed. Now the reconciliation of your parties.

The settlement suggests that Redbet substitute Abbatina using an amount of one.twenty five million, which can be paid out at 1.twenty five million in money and 588 235 new shares from the keeping firm.

– With this particular settlement, the celebrations agreed the most effective consensus and will jointly place it powering us. Redbet welcome Abbatina as a shareholder while in the corporation, says Claes Hallen, CEO of Redbet.

Abba Tina sued Redbet to enjoy the company’s subsidiaries haven’t compensated their unsecured debt which the corporate experienced no independent action but that all functions happen to be integrated within the keeping business.

Abbatina demanded 750 000 euros from Redbet.