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Zeal Network completes Lotto24 acquisition

15th May 2019 5:49 am GMT

Frankfurt-listed Zeal Network has completed the acquisition of German online lottery provider Lotto24.

The all-share public takeover was launched at the end of January, supported by major stakeholders representing approximately 65 per cent of Lotto24 shares.

Having met all completion conditions last month, Zeal’s offer had been accepted by 93 per cent of Lotto24 shareholders by the end of the extended offer period on 29 April.

With a stake of 32 per cent of the total enlarged share capital, [...]

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