The value would be around 200 million euros
Bawag sells stake in lottery operator to Casinos Austria
(Austria).- Bawag P.S.K. sold its 36 percent stake in Austrian monopoly lottery operator Oesterreichische Lotterien GmbH to Casinos Austria AG.
2007-11-08
Reading time 11 seg
Bawag sold the stake as part of its sell-off of non-banking assets following its takeover by US hedge fund Cerberus Capital Management last December.
The financial terms of the transaction were not released, but previous media reports pegged the value of Bawag’s stake at around 200 million euros.
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