Cyrrus (Cyrrus)
Czech markets  |  June 14, 2011 09:44:57

Fortuna E-Invest and Penta filed an appeal against the bankruptcy Sazka

Of E-Invest and Penta (majority shareholder of Fortuna Entertainment Group) yesterday lodged an appeal against a declaration of bankruptcy of the lottery company Sazka. In their view, was declared bankrupt in violation of bankruptcy law, especially in the choice of the disputed claims, which affected the weight of votes in the voting creditors. From the perspective of Fortuna shares this move is perceived as slightly positive, as it extends the current state and prospects uncertain lottery Sazka, which puts the success of Fortune lottery to be launched in mid-July. Similar steps have been delaying the process of bankruptcy, however, to some extent expected, therefore, in our view it is not a fundamental shift in the whole thing Sazka.Therefore, the share price reaction in Fortuna do not expect too strong.

Ondrej Moravanský
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