Vladimír Urbánek (Kurzy.cz)
Czech markets  |  May 30, 2011 09:40:57

Fortuna: Sazka is in bankruptcy, Penta has offered 2 billion in lottery Sazka


The court sent a stake into bankruptcy, which was required as the main creditors PPF and KKCG who said they were ready to invest in Sazka hundreds of millions of CZK, in order to continue providing lottery. DG Sazka, Ales Husak, said that this is the end of lottery games, while Finance Minister Miroslav Kalousek, believes that the bet can still keep their lottery license. According to another report Penta (65% owner of Fortuna) CZK 2 billion offer for the purchase of lottery Sazka (MFD, Right).

The two biggest lenders will do everything possible to continue the lottery, although it should be the end of the old management Sazka. Still ahead is more "fight", but as a strong financial group PPF can afford a large marketing campaign to the punters again improved picture of the stake. We do not think that Penta with their offer was successful and if they do so, we are not sure how she would like to connect two models (Fortuna and bets). In our opinion, the message is slightly negative for Fortune.

Kramule R., V. Kmínek

Bankruptcy would not bet on the result in the termination of its activities (which would be clearly advantageous for Fortune variant D), but the ongoing problems that companies should always act positively on the Fortune shares. Acquisition of assets Sazka group Penta, however, we consider it unlikely, in our opinion would have prevented the antitrust authority.

Ondrej Moravanský

More details of the said offer Penta see Financninoviny.cz server, namelyHERE

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