NOVOMATIC Increases its Lottery Stake
Company -
Gumpoldskirchen, July 23rd, 2015 (OTS) – NOVOMATIC, Europe's largest gaming technology group, is indirectly purchasing a further stake in Österreichische Lotterien GmbH (ÖLG). Through third party investment companies, NOVOMATIC now indirectly holds an equity stake of approximately 18 percent in ÖLG.
NOVOMATIC was able to secure for itself the interests in LTB Beteiligungs GmbH and RSV Beteiligungs GmbH held by Erste Bank der oesterreichischen Sparkassen AG (ERSTE BANK). The company furthermore acquired the interest in LTB Beteiligungs GmbH held by BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft (BAWAG), as well as the interest in RSV Beteiligungs GmbH held by immigon portfolio abbau ag (VOLKSBANK).
NOVOMATIC's CEO Mag. Harald Neumann said: "We are delighted to increase our stake in Österreichische Lotterien GmbH and thus to further support the company as a sustainable and stable domestic co-shareholder."
The purchase agreements were signed subject to formal approval requirements. The parties have agreed not to disclose the purchase Price.
