Dutch Court dismissed acquisition appeal

The court from Amsterdam decided to dismiss a petition that wanted to stop a lottery operator from voting on its own acquisition.

Netherlands.- The Amsterdam Court of Appeals dismissed a case brought by Franklin Templeton as the organisation wanted to stop Fortuna Entertainment Group from voting on its own proposed acquisition of four Romanian gambling companies.

CEO of Fortuna, Per Widerström, said that the company is back on track and will move forward with its plans to acquire Bet Zone, Bet Active Concept, Slot Arena and Public Slots and boost the company’s presence in Romania. The shareholders meeting is scheduled for August 1, as SeeNews reported. “This acquisition, together with previously acquired Casa Pariurilor (as part of Hattrick Sport Group), means that Romania will become our biggest market and that Fortuna Entertainment Group will become the number one regulated sports betting and gaming operator in the Romanian market,” said the CEO.

The Czech-based company Fortuna had announced in March its interest in acquiring the four companies for US$54 million, but it was later delayed by the Amsterdam Court as it granted the petition filed in April by a group of shareholders. Fortuna is currently the biggest retail betting operator in Romania.