Supplier News
Austria – Novomatic given green light for Casinos Austria shares
By Phil - 21 December 2016
Novomatic, Europe’s leading gaming technology company, has announced that at the resolution of the Annual General Meeting of Casinos Austria AG (CASAG), the conditions precedent for the acquisition of the shares of MTB private foundation in the Casinos Austria AG to the amount of 17.2 per cent have been met, paving the way for an effective takeover of the shares.
Novomatic CEO Harald Neumann said: “The entry of Novomatic as a new Austrian shareholder is an important step for a stable and sustainable core shareholder structure for the Casinos Austria Group. As a leading international and globally recognized gaming technology company we are interested in a valuable investment and positive development of CASAG.”
Novomatic has transferred an indirect share of Österreichische Lotterien GmbH (ÖLG) amounting to 11.56 per cent to the Austrian Gaming Holding a.s. belonging to the SAZKA Group and that it thereby remains a shareholder in ÖLG with a total share of less than 25 per cent.
