Tag Archives: Contrarian

LatAm discrepancies add fuel to Codere’s governance dispute

Issuing a governance filing, Bolsa Madrid gambling group Codere SA has revealed that two executive directors have resigned in relation to the firm’s LatAm auditing discrepancies. Last week, Spanish business news sources reported that Fernando Sempere Rodríguez had withdrawn from Codere governance responsibilities citing ‘a professional incompatibility’. Sempere Rodriguez resignation follows the departure of board member Alberto Manzanares Secades on …

Read More »

Codere puts forward ‘2021 transformation plan’ with uncertain horizons

Spanish business news sources have reported that the governance of embattled Bolsa Madrid gambling group Codere SA, are reviewing all financing options as the company embarks on a ‘three-year corporate transformation plan’. Closing 2018, a year in which Codere was branded as the Madrid exchange’s ‘biggest bleeder’, seeing its share price collapse from January’s €9.50 to €2.40 for its December …

Read More »