Novomatik buys shares of Casinos Austria
July 27, 2015
Just until recently Harald Neumann, the head of the Austrian gaming giant Novomatic answered to the question whether there exists an interest in a takeover of the Austrian Casino, that he didn’t want to forward an offer, because you do not go against the Minister of Finance and Austria is also a too small market where you want to invest a few hundred million €. However, a minority stake would be quite interesting. However, in the last weeks, the view has changed completely and Novomatic is on a big shopping tour in the Alpine Repulic. A nearly 20% share of the Austrian Lotteries was, a subsidiary of CASAG,was acquired and just now it came to the attention that the Novomatic had initially secured 28 percent of the Casinos Austria. Both the MTB-Privatstiftung and Leipnik- Lundenburger Invest, which belongs to to Raiffeisen, accepted a binding offer from Novomatic.