Austrian Investment firm B & C Industrie Holding made a statement saying it has sold its BAIHsubsidiary stake in the partial Austrian state owned Österreichischen Lotterien (ÖLG) to Novomatic.
The sale price remains private; however the sale is surprising due to stringent pre-emption rights. The majority of Österreichischen Lotterien is owned by Casinos Austria GmbH in addition to a number of banks including Erste Group, Volksbanken, Bankhaus Schelhammer and most recently, Novomatic.
According to a company spokesperson, “B & C has found the best possible buyer for ÖLG. The OLG and its associated companies can benefit greatly from the expertise of Novomatic.”
The sale price remains private; however the sale is surprising due to stringent pre-emption rights. The majority of Österreichischen Lotterien is owned by Casinos Austria GmbH in addition to a number of banks including Erste Group, Volksbanken, Bankhaus Schelhammer and most recently, Novomatic.
According to a company spokesperson, “B & C has found the best possible buyer for ÖLG. The OLG and its associated companies can benefit greatly from the expertise of Novomatic.”
Your feedback
Please enter your comment.
Your comment is added.
