GVC (GVC LN, BUY, T/P 1150p) - Update | Greek tax assessment
Greek Audit Centre claiming €186.8m owed, relating to Sportingbet plc in respect of years 2010 and 2011. This was prior to the acquisition by GVC in 2013. GVC believes the amount owed is exaggerated and intends to appeal. However, GVC are providing for this in the accounts and have agreed a payment scheme with the Greek tax Authorities whereby funds are paid and held on account on a monthly basis at €7.8m over 24 months.
Whitman Howard is an independent institutional stockbroking and investment banking business focused on servicing the needs of our corporate clients and institutional investor base.
The company began trading in 2011 with a team of highly experienced market professionals and the goal of building a leading capital markets business in an entrepreneurial environment.
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