Fortuna Entertainment Group NV. is part of a group of branches where the investment group Penta has decided to be a long-term investor. Penta wants to concentrate on its further intensive development, in particular on the markets of the Central European region. Its decision to increase the stake in Fortuna to the greatest possible extent and then immediately delist it results from an attempt to reduce the regulatory burden and thus improve the effectiveness of the decision-making process. Penta's one-hundred-percent control of Fortuna will mean faster growth for the company without complications.
In Poland today Fortbet Holdings Limited, a Penta company registered in Cyprus that is the majority shareholder and owner of approximately 68.25% of the shares in the company Fortuna Entertainment Group N. V., made public its interest in buying up all the shares issued by the company Fortuna Entertainment Group N.V., at a price of CZK 98.69 in the Czech Republic and at PLN 15.43 in Poland. It will then immediately ask for the Fortuna shares to be delisted from trading on the Warsaw and Prague stock exchanges.
After all the necessary consents are obtained, on 21 April 2017 they will start the offer period, which ends on 20 June 201. Both the offer period and the price per share may change in the specified period.
Forbet has appointed Česká spořitelna, a.s. to ensure the implementation of the voluntary offer for the purchase of shares in the Czech Republic, so detailed conditions for the purchase of shares, including other important information, can be found on the Česká spořitelna pages www.csas.cz
Fortuna Entertainment Group
Fortuna is an originally Czech company founded in 1990 by a group of four private persons headed by Michal Horáček. A year later a sister betting office Terno opened in Slovakia. The purchase of both firms by the Penta investment group in 2005 was a turning point. Under the firm’s guidance operations were modernised, the branding was unified, and it expanded to cover the Polish market. In 2009 all the companies were incorporated in the Dutch entity Fortuna Entertainment Group, which in the following year entered the Prague and Warsaw stock market. Over the first four years its primary benefit to shareholders was the payment of dividends, but after 2015 and a change of strategy it became a title with growth potential. Over recent months the group has strengthened its position within the region by expanding onto the Romanian, Croatian and Spanish market. And in the Czech Republic it became the first domestic firm to gain a licence to operate casino games on the internet.