Frankfurt-listed lottery provider Zeal Network has made a voluntary public takeover offer to acquire German lottery broker Lotto24.

Zeal said that the deal was consistent with its renewed strategy to de-risk its business model and focus on locally-licensed businesses.

The company intends to transform its German secondary lottery business into a locally licensed online brokerage model after reacquiring control of its myLotto24 and Tipp24 subsidiaries and, in due course, to relocate Zeal to Germany.

Premium subscribers continue here to the full article.

Related