STOCKS NEWS EUROPE-Gambling co Codere up on potential sale

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08:26GMT 03Nov2008-Gambling group Codere up on potential sale

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Shares in Spanish gaming group Codere (CDRE.MC) jump 8.7 percent to 10.0 euros on hopes for a potential sale by its core shareholders after they failed to make a final payment on their stake acquisition last Friday.

"We continue to think that a sale process will occur and Codere will raise interest, being a defensive stock," Ibersecurities analysts say in a note.

Ibersecurities estimates valuations of between 13.50 and 21.0 euros per share for the company. For more please double click on [ID:nLV315669]

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