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TIPP24 SE (FRA:TIM) ZEAL receives indicative offer from Lottoland for the purchase of its core German business assets

Transparency directive : regulatory news

11/01/2019 11:39

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ZEAL Network SE (-)
ZEAL receives indicative offer from Lottoland for the purchase of its core German business assets

11-Jan-2019 / 11:39 CET/CEST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


ZEAL receives indicative offer from Lottoland for the purchase of its core German business assets

ZEAL Network SE ('ZEAL') has received a non-binding, conditional and indicative offer from Lottoland Holdings ('Lottoland') for the purchase of assets of the ZEAL Group representing the core of the German business as currently operating under the Tipp24 brand. The offer excludes ZEAL's fully consolidated minority shareholding myLotto24 Limited.

The cash purchase price offered by Lottoland, subject to due diligence, ranges from EUR 60 million to EUR 76 million.

The full text of the offer in the English language is available at http://www.rns-pdf.londonstockexchange.com/rns/8560M_1-2019-1-11.pdf

ZEAL will duly assess the indicative offer and its potential implications.


Contact:
Frank Hoffmann, CEFA
Investor Relations

ZEAL
5th Floor - One New Change
London EC4M 9AF

T +44 (0) 20 3739-7123
F +44 (0) 20 3739-7199

frank.hoffmann@zeal-network.co.uk


ISIN: GB00BHD66J44
Category Code: MSCM
TIDM: -
LEI Code: 391200EIRBXU4TUMMQ46
OAM Categories: 2.2. Inside information
Sequence No.: 7139
EQS News ID: 765367

 
End of Announcement EQS News Service

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