Orar Received The Permission Of The Greek Government To Acquire Shares
Greek competition commission (hcc) agreed to acquire the expected oraar of the stoiximan group of companies in greece and cyprus.
In january, the greek gambling operator oras group agreed to a transaction for the accuisition of 51% of the company’s shares totaling in the amount of €94 million ($ 105.6 million).
The agreement says that the operator unit of oraz invest will acquire a share of the gml interactive, a subsidiary of stoiximan tcb holdings, and will be able to control the business together with two of the existing shareholders of tsv.
Also, oraz acquired 36.75% stoiximan shares in september 2018 in the amount €50 million. The last deal is still subject to approval by the commission of cyprus to protect competition and specific gambling authorities.
Last week, sazka group increased its bid in orap to almost 40%. Confirmation of permission was engaged in the nss. Earlier, the lottery group tried to acquire all the shares in circulation of the operator.
Sazka group came to an agreement with almost 7.25% of the shareholders of the oraz during the executive period, which was concluded on october 29. Prior to that, she already belonged to about 33% of oraz, who bought the main stake in 2013 through the emma delta enterprise, while the operator was first privatized.
A total of 23,333,178 shares were purchased €212.7 million. In general, allocated €2.06 billion for the total number of outstanding stocks in circulation.
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