Gauselmann Spielbanken Beteiligungs GmbH and NRW
Gauselmann Spielbanken Beteiligungs GmbH and NRW.Bank feature signed a companionship purchase accord for the acquisition and cut-rate sale of WestSpiel Group.
Shares in the WestSpiel Group were antecedently held by NRW.Bank, but finally twelvemonth the bank initiated a summons process.
In the first-class honours degree stage of the tender procedure, interested buyers could apply to take part inwards the process “on the groundwork of publically approachable pinnace documents.”
Based on lower limit requirements and suitability criteria, the triad to the highest degree qualified companies were invited to participate in the bidding and talks phase.
The ternion had to subject purchase damage offers past 14 June 2021. Gauselmann Group ultimately won this round out as it submitted the highest purchase cost offer.
It has at present been awarded the contract, with both the group and bank signing the accompany purchased agreement.
The legal and economical completion of the accord is allay case to merger law of nature approvals, as wellspring as other conditions.
NRW.Bank says it has obtained the consent required for the signing of the agreement, which includes the consent of the Ministry of the Interior.
NRW.Bank said: “The fellowship purchase accord could follow signed after the reliability of the purchaser below the applicable provisions of the Gaming Act had been comprehensively checked.”
With 900 employees and quadruplet casinos, the WestSpiel Group currently holds a casino monopoly in the nation of Frederick North Rhine-Westphalia.
According to the Gaming Act, up to six casinos canful follow operated inwards North Rhine-Westphalia.