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Czechs Jirí Šmejc and Karel Komárek Want to Take Control of Casinos Austria

Published: January 21, 2016; 15:00 · (FriedlNews)

The Czech consortium Austrian Gaming Holding (AGH) of billionaires Jirí Šmejc and Karel Komárek, headquartered in Prague may soon be new majority owner of Casinos Austria AG. According to the Federal Competition Authority (BWB), Austrian Gaming Holding intends to increase one hand its stake in Medial to 88.89 percent and on the other hand to acquire 16.79 percent of Casinos Austria AG shares. Through these acquisitions, AGH will hold directly or indirectly 50.82 percent of the shares and thus acquire sole control of the CASAG.

The Austria Gaming Holding of Karel Komárek (left) and Jirí Šmejc (right) intends intends to raise the stake in Casinos Austria / Picture: © KKCG a.s. / Home Credit B.V.

Currently, Austrian Gaming Holding holds a 29.63 percent stake in Medial Beteiligungsgesellschaft mbH.

Austrian Gaming Holding intends to acquire additional 59.26 percent.

Medial in turn holds 38.29 percent of shares in Casinos Austria AG.

The planned acquisition process can be objected to within 14 days.

Behind the AGH Austrian Gaming Holding are both the conglomerates KKCG and Emma Capital of the Czech billionaires Jirí Šmejc and Karel Komárek.