November 27, 2007

Unibet to attempt to raise €100m to fund acquisition spree

Unibet is looking to raise up to €100m (£72m) on the bond markets to finance possible acquisitions.

In a statement issued today, the company said it had hired Swedish financial advisors Ohman Fondkommission to advise the board on possible sources of capital of up to €100m.

The statement added that the firm had been in discussions with “a number of parties regarding strategic acquisitions” and that in the opinion of the board “one or more of these acquisitions may be realised”.