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Sazka moves to finalise acquisition of controlling stake in Casinos Austria

15th August 2017 8:18 am GMT

Sazka Group has sought approval from Austria’s Federal Competition Authority for acquisitions that will make the company the majority shareholder of Casinos Austria.

The Czech lottery and gaming business aims to acquire the indirect stakes held by UNIQA Beteiligungs-Holding and Leipnik-Lundenburger Invest (LLI).

If the Federal Competition Authority approves the acquisitions, Sazka will surpass Austria's state investment vehicle ÖBIB as Casinos Austria's largest shareholder with a 34 per cent stake in the business.

This compares to a 33.2 per cent shareholding [...]

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