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Fortuna stakeholder looks to block Romanian acquisitions & Fortbet takeover

18th April 2017 12:10 pm GMT

Eastern European gaming operator Fortuna Entertainment Group's acquisition of four Romania-facing operators has hit a snag after investment firm Templeton Emerging Markets Group filed for an injunction to block shareholders from voting on the proposed deal.

Templeton, a division of Templeton Asset Management which represents investors with a 10.5 per cent stake in the operator, has also warned investors that an offer by majority shareholder Fortbet Holdings to take full control of Fortuna's business is too low.

It [...]

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