Germany – The sale of the WestSpiel Group is now underwayBy Phil - 18 December 2020
A Europe-wide procurement procedure for the sale of the company shares in the WestSpiel Group was launched on December 18 under the management of Warth & Klein Grant Thornton AG Wirtschaftsprüfungsgesellschaft who will act as transaction advisor.
As a state-licensed casino operator, the WestSpiel Group currently has 900 employees and four casino locations in Aachen, Bad Oeynhausen, Dortmund-Hohensyburg and Duisburg, the exclusive casino monopoly in North Rhine-Westphalia. The group of companies up for sale is to be sold as a whole. The shares in the WestSpiel Group are currently held by NRW.BANK, the development bank of the State of North Rhine-Westphalia.
On May 8, 2018, the state government of North Rhine-Westphalia decided to privatize the WestSpiel Group. With the law on the approval of public casinos in the state of North Rhine-Westphalia, which came into force on June 3, 2020 , an essential prerequisite for privatization was created by enabling the operation of casinos in NRW under private ownership for the first time. Prospective buyers from Germany and abroad can now qualify for the subsequent offer and negotiation phase via a participation competition.