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Zeal Shareholders approve Lotto24 takeover

Zeal Network Shareholders voted to approve the planned all share takeover offer for Lotto24.

Shareholders voted in 60 percent in favour of the deal and also voted to waive the requirement on Gunther Group, which will own more than 30 percent of the combined group, to make a full takeover offer for Zeal.

Dr Helmut Becker, CEO OF Zeal Network, said: “Our Plan to reunite Zeal and Lotto24 offers a fantastic opportunity for sustainable growth and create significant values, for shareholders of both companies, customers and the German federal states and their lottery beneficiaries.

” We are pleased that the shareholders share our vision and have approved the important pre-conditions which now enables us to make our offer for Lottery 24. We look forward to launching our offers to Lotto24 shareholders shortly and to bringing our organisations together.

“The Combination of Zeal and Lotto24 will create the leading private digital lottery broker in Germany, setting us up for strong growth in germany and internationally,” said Becker.

The backing of the deal by shareholders appears to draw a line under the recent exchanges between Zeal and Lottoland.

 

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