Hedge funds that own Codere are analyzing the sale of the group in parts.
Spain's second-largest gaming group is studying the separate sale of its Europe, Latin America and online business units, which are listed in the US.
Codere, the second-largest Spanish gaming group, is considering selling its units in Europe, Latin America, and online business separately. The company's owners, a group of hedge funds, are exploring this option after some units have attracted more interest separately than the group as a whole. Codere has operations in Spain, Italy, Argentina, Mexico, Panama, Colombia, and Uruguay, and its online business is listed on the Nasdaq.
The company's revenue was €1.45 billion in 2025, with an adjusted EBITDA of €225 million, a 26% increase from the previous year.
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