Following approval by minority shareholders Novomatic will proceed with the proposed acquisition of a 53 per cent stake in Ainsworth Game Technology.
This relationship is expected to accelerate AGT’s development and support the creation of a stronger company with deeper product breadth, enabling it to better compete against international gaming conglomerates.
Novomatic’s chief executive officer Harald Neumann said that through Novomatic’s majority shareholding, AGT will benefit from collaboration across a range of markets that will be substantially positive for long-term shareholder wealth creation.
Neumann emphasised: “We value the trust and support by the minority shareholders through the positive vote of approving the share transaction and will make every effort to meet their expectations. We will commence implementing the binding commitments as outlined in the Notice of Meeting to crystalise the expected benefits of the relationship.”
He further stated that completion of the share sale is subject to a range of regulatory and gaming licence approvals.
AGT chief executive officer Danny Gladstone said: “We are delighted to have received shareholder support and look forward to working with Novomatic on the completion of this transaction and delivering on the expected benefits for our shareholders.”
