Sazka Group completes Casinos Austria takeover
SAZKA Group has acquired the 17.19% stake in Casinos Austria AG previously held by Novomatic AG.
As announced on 10 December 2019, the Company previously reached an agreement with Novomatic AG, pursuant to which Novomatic AG agreed to sell its 17.19% stake in CASAG to the Group.
The transaction was completed on 28.06.2020. As a result SAZKA Group’s shareholding in CASAG is now 55.48 %.
In connection with the Transaction, the Company has entered and drawn a new secured financing with one of its relationship banks. The facility size is €105 million and the borrower is CAME Holding GmbH.
Robert Chvatal, SAZKA Group CEO, commented: “Together with our fellow shareholders, we are looking forward to increasing the value of Casinos Austria a treasured national brand for the benefit of customers, employees, and most importantly of all, Austrian society.”