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Austrian Competition Authority ratifies Sazka’s Casinos Austria acquisition

12th September 2017 9:03 am GMT

Austria's Federal Competition Authority (BWB) has approved Sazka Group's acquisition of a majority shareholding in Casinos Austria.

The BWB expressed no opposition to the acquisition and said that it saw no need to launch an in-depth investigation into Sazka's bid, given that the Czech gaming operator currently has zero market share in Austria.

The deal agreed in January gives Sazka a 34 per cent stake in Casinos Austria, more than the 33.2 per cent holding of Austria's state investment [...]

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