Without any confirmation, the name of who could become the new controller of Enjoy remains a question mark. However, last week's assembly meeting would have paved the way for a partner to join in the short term. This was because the shareholders approved the capital increase of approximately US$ 160 million, through the issuance of 2,377 million new shares.
Currently, Enjoy has 2,357 million shares in the stock exchange, so with this new increase, the shares of the operator will exceed 4.7 billion, doubling the number of shares. If a new partner subscribed the entire shareholding, the Martínez family would decrease its current 57.1% on the property to 25%.
Thus, in addition to the name of the new partner, the group will also soon have to present the price at which it will enter the firm that operates casinos in Rinconada, Coquimbo and Viña del Mar, among other venues. In the market, however, it is projected that this value should be 40% lower than when Enjoy negotiated with the American fund Advent, that at the moment also appears like one of the strongest candidates to associate with the Chilean firm.
As reported by the local media La Tercera, with the entry of new capital the company intends to start a new business stage, including the bidding of municipal casinos and entry into the Brazilian market, once the activity in the country.
Source: GMB / Economy and Business Online / La Tercera
