Add-on Acquisition • Leisure

Codere Acquires Hipódromo Presidente Remón SA

On December 31, 2005, Codere acquired leisure company Hipódromo Presidente Remón SA

Acquisition Context

This is Codere’s 1st transaction in the Leisure sector.
This is Codere’s 1st transaction in Panama.

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M&A Deal Summary
Date	December 31, 2005
Target	Hipódromo Presidente Remón SA
Sector	Leisure
Buyer(s)	Codere
Deal Type	Add-on Acquisition

Target Company

Hipódromo Presidente Remón SA

Panama City, Panama

Hipódromo Presidente Remón SA is a privately held company owns and operates horse race courses.

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Buyer Overview 1

Buyer

Codere

Alcobendas, Spain

Category	Company
Founded	1980
Sector	Leisure
Employees	9,880
Revenue	575M EUR (2020)

DESCRIPTION

Codere is a Spanish multinational company in the private gaming sector in Europe and Latin America. Codere was founded in 1980 and is based in Alcobendas, Spain.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Leisure	1 of 1
Type: Add-on Acquisition	1 of 1
Country: Panama	1 of 1
Year: 2005	1 of 1

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