Grupo Codere SA has authorized Mexico’s Tax Administration Service to auction a portion of its stake in ICELA. The arrangement addresses the company’s unresolved tax obligations in the region.
Share Liquidation Process
ICELA operates as Codere’s Mexican subsidiary, managing racetrack and arcade facilities across the country. The tax authority will liquidate the designated shares through a forced auction process to recover the outstanding liabilities.The agreement was disclosed to investors as a formal component of Codere’s broader tax settlement strategy. According to iGaming Expert, the measure resolves accumulated fiscal claims tied to the subsidiary’s operations.