9th of June 2015 Author: Glo Wood
Austrian Investment firm B & C Industrie Holding made a statement saying it has sold its BAIHsubsidiary stake in the partial Austrian state owned Ã–sterreichischen Lotterien (Ã–LG) to Novomatic.
The sale price remains private; however the sale is surprising due to stringent pre-emption rights. The majority of Ã–sterreichischen Lotterien is owned by Casinos Austria GmbH in addition to a number of banks including Erste Group, Volksbanken, Bankhaus Schelhammer and most recently, Novomatic.
According to a company spokesperson, 'B & C has found the best possible buyer for Ã–LG. The OLG and its associated companies can benefit greatly from the expertise of Novomatic.'
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