Novomatic Gambling Secures 39.5 Pct in Rival Casinos Austria

7 hours ago · Markets - Deals
Listed gambling group Novomatic secured a 39.5 percent stake in partly state-owned competitor Casinos Austria thanks to the acquisition of 11.4 percent stake from listed insurer Uniqa, the group confirmed. Further steps to raise the stake, the group could agree to buy 11.35 percent from insurer VIG and 9.44 percent from Schelhammer & Schattera yet this week may, however, raise controversies from competition regulator.

Markets

RBI Securitises EUR 705 Million Loan Portfolio

7 hours ago
Listed bank RBI securitised a loan portfolio with a value of EUR 705 million (USD 780.2 million) raising its Tier 1 (CET1) equity ratio by 0.04 percentage points, the bank said.

Politics

Hypo Act Ruled Unconstitutional: Heta's H1 Loss at EUR 800 Mln Plus Interest

Yesterday 17:00
Heta, state-run bad bank of defunct lender Hypo Alpe Adria, will suffer around EUR 900 million (USD 996 million) loss in H1 2015, Heta said in a statement after the constitutional court VfGH ruled the Hypo act of 2014 unconstitutional.

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