For an undisclosed sum
Cirsa acquires Novomatic’s casinos in Peru
2017-07-13
Reading time 28 seg
Cirsa, a leading multinational company in the gaming and leisure sector, has strengthened its global presence with the acquisition of 100% stake in Novomatic subsidiary Admiral in Peru. The agreement, which concluded on July 1, saw Cirsa subsidiaries Gaming and Services S.A.C. and Cirsa International Gaming Corporation S.A acquire all of the shares in Inmobiliaria Rapid and Sierra Machines. Both companies operate 17 slot locations in Peru under the Admiral brand.
Cirsa was advised by Torres y Torres Lara Abogados. Admiral was represented by Estudio Muñiz, Ramírez, Pérez-Taiman & Olaya Abogados and a team of company advisors.
Muñiz said the move is part of Novomatic’s strategy to focus activities on the commercialization of gaming machines within the Peruvian market.
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