Codere prepares potential sale at about €2bn valuation
Codere has hired Jefferies and Macquarie Capital to prepare a potential sale, reportedly at a valuation of about €2bn. The process is at an early stage, with non-binding offers tentatively due in mid-May and binding bids expected around July; a purchase agreement could be finalised in August.
A potential sale could change ownership of Codere’s gambling operations and online arm, making the process relevant to investors.