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Austria – Novomatic increases stake in rival Casinos Austria
By Phil - 29 July 2015
Austrian slot giant and casino operator Novomatic has said it is upping its stake in Casinos Austria having signed agreements to buy shares from other stakeholders.
It has agreed deals with MTB Privatstiftung for its 16.8 per cent stake in Casinos Austria as well as with Leipnik-Lundenburger Invest Beteiligungs for its 29.6 per cent stake, which equates to a stake of 11.34 per cent in the Casinos Austria.
Harald Neumann, chief executive of Novomatic, said: “By way 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 the Casinos Austria.”
Novomatic added that if more shares in Casinos Austria became available at an ‘adequate’ price, it would be interested in increasing its stake.
