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.
On completion, the transaction [...]
