Novomatic sells casino Austria shares to Sazka

Business News

Novomatic has sold its 17.19 percent stake in Casinos Austria AG to the Czech Sazka Group, which already holds a 38.29 percent stake in Casino Austria.

A purchase price was not mentioned. Their share of the Austrian Lotteries GmbH will keep the Novomatic, as it was called. 

Harald Neumann, NOVOMATIC AG CEO says: The previous ownership structure has led to no satisfactory development of Casinos Austria. As the smallest major shareholder, we have therefore decided to sell our CASAG shares in order to allow CASAG a clear ownership structure. It is important to enable a stable and sustainable shareholder structure that secures the company in the long term for the future challenges of national and global markets.

Robert Chvatal, SAZKA Group CEO says: We believe it is the best solution for the company. We want to ensure stable positive development for CASAG in a long-term partnership of its two biggest shareholders. We are committed to work jointly with ÖBAG and CASAG team to achieve well-being for its customers, employees and communities we do business with. We are prepared to focus on CASAG business and bring innovations to the market.

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