Czech lottery operator Sazka Group considers London share listing

Sazka Group considers London share listing

Sazka Group said that it is considering an initial public offering in London to boost Europe operations.

 

Sazka Group, Czech-based lottery and gaming operator, revealed that it is considering a initial public offering (IPO) in London in order to help fund growth in Europe. The group has hired global coordinators to help them make a decision.

Owned by Karel Komarek’s KKCG group and Jiri Smejc’s EMMA Capital, Sazka Group has experienced a significant growth in the last few years thanks to a series of acquisitions. The group said on Friday that it hired JP Morgan Cazenove, Citigroup and Morgan Stanley to be joint global coordinators, even if a decision on an IPO hasn’t been made yet.

Chief Executive Robert Chvatal,commented: “We are evaluating several options to support our growth, including an initial public offering.” And added: “We believe in future growth via product innovations, customer experience in online as well as, when available, via further geographical expansion.

The group avoided any details regarding a timeframe for a potential IPO. Sazka operates in Czech Republic, Austria, Cyprus and Italy and wants to enter new markets in Europe. For example, it holds a 72 percent stake in a fund that controls 33 percent stake in Greek betting monopoly firm OPAP.

The post Czech lottery operator Sazka Group considers London share listing appeared first on Eastern European Gaming – News – Interviews – Legal Market Updates – Premium Reports – Events – Directory.


Source: EEGaming.

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