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Fortbet makes improved offer to acquire Fortuna Entertainment Group

3rd January 2018 10:14 am GMT

Fortuna Entertainment Group's majority shareholder Fortbet Holdings has made a CZK9.49bn (€371.6m) offer to take over full ownership of the Eastern European betting and gaming operator and delist the company from the Prague and Warsaw stock exchanges.

Fortbet, which already owns a 79.78 per cent share in the company, has bid CZK182.50 in cash for each share in Fortuna, representing a premium of 54 per cent over the 12 month volume weighted average price.

This values the [...]

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