Odyssey Europe makes play for outright purchase of Olympic Entertainment Group

News on 19 Mar 2018

Odyssey Europe, a Novalpina Group company, has announced its intention to acquire 100 percent of the share capital of Olympic Entertainment Group with a cash offer of Euro 1.90 per share, effectively valuing the business at Euro 288,403,291.

According to a press release, two of the anchor shareholders, holding approximately 64 percent of OEG’s share capital, have already agreed to the Offer.

The terms of the Offer and its acceptance will be based exclusively on the Prospectus that awaits approval by the Estonian Financial Supervisory Authority (“EFSA”) – its decision is expected by 3 April 2018.

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