Offers were accepted both by the MTB Privatstiftung as well as by the LLI
Novomatic makes binding offers for shares in Casinos Austria AG
2015-07-28
Reading time 37 seg
Novomatic has submitted binding offers to the MTB Privatstiftung for that company’s 16.8% shares in Casinos Austria AG (CASAG) as well as to the Leipnik-Lundenburger Invest Beteiligungs AG (LLI) for its 29.6% shares in the MEDIAL Beteiligungs GmbH – equating to an indirect equity stake of 11.34% in Casinos Austria AG.
The offers were accepted both by the MTB Privatstiftung as well as by the LLI. The conclusion of both transactions remains subject to various permissions governed by public law as well as by company law and to formal approval requirements.
“By means of these transactions we will be able to contribute as a solid Austrian partner with international expertise and become a part of a sustained shareholding structure of Casinos Austria AG”, said Novomatic CEO Harald Neumann. If any further shares should be offered at an acceptable price then NOVOMATIC would also be interested in the acquisition thereof.
The parties have agreed not to disclose any purchase price.
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