Austria’s Novomatic Group has submitted binding offers to the MTB Privatstiftung for that company’s 16.8 percent shares in Casinos Austria AG (CASAG), and to the Leipnik-Lundenburger Invest Beteiligungs AG (LLI) for its 29.6 percent shares in the MEDIAL Beteiligungs GmbH—equating to an indirect equity stake of 11.34 percent in Casinos Austria AG, the monopoly casino operator in Austria.
The offers were accepted both by the MTB Privatstiftung as well as by the LLI. The conclusion of both transactions remains subject to various permissions governed by public law as well as by company law and to formal approval requirements.
If any further shares should be offered at an acceptable price then Novomatic would also be interested in acquiring them, according to a statement from the company. The parties have agreed not to disclose any purchase price.
In other Novomatic news, the company announced that Novomatic Lottery Solutions (NLS) has been selected as successful bidder in a public competition for a six-year contract by the Catalonian Lottery (Loteria de Catalunya).
The contract provides full lottery facility management services for the autonomous region of Catalunya in Spain for both online and instant lottery products and services. The contract will commence on April 1, 2016, and contains an option for an additional two-year extension.