ZEAL receives indicative offer from Lottoland for the purchase of its core German business assets
Jan 11, 2019 11:35 AM
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ZEAL Network SE / Key word(s): Miscellaneous ZEAL receives indicative offer from Lottoland for the purchase of its core German business assets ZEAL Network SE ("ZEAL") has received a non-binding, conditional and indicative offer from Lottoland Holdings ("Lottoland") for the purchase of assets of the ZEAL Group representing the core of the German business as currently operating under the Tipp24 brand. The offer excludes ZEAL's fully consolidated minority shareholding myLotto24 Limited. The cash purchase price offered by Lottoland, subject to due diligence, ranges from EUR 60 million to EUR 76 million. The full text of the offer in the English language is available at http://www.rns-pdf.londonstockexchange.com/rns/8560M_1-2019-1-11.pdf ZEAL will duly assess the indicative offer and its potential implications. Contact: Frank Hoffmann, CEFA Investor Relations ZEAL 5th Floor - One New Change London EC4M 9AF T +44 (0) 20 3739-7123 F +44 (0) 20 3739-7199 frank.hoffmann@zeal-network.co.uk
11-Jan-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | ZEAL Network SE |
| 5th Floor One New Change | |
| EC4M 9AF London | |
| United Kingdom | |
| Phone: | +44 (0)203 739-7000 |
| Fax: | +44 (0)203 739-7099 |
| E-mail: | office@zeal-network.co.uk |
| Internet: | www.zeal-network.co.uk |
| ISIN: | GB00BHD66J44 |
| WKN: | TPP024 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| End of Announcement | DGAP News Service |