Tag Archives: Lotto24 AG

Lottoland makes €76m move for Zeal German assets

Keeping to its word, the governance Lottoland Holdings has put forward a €76 million cash offer, seeking to takeover Zeal Network’s core German market assets. At the start of a tumultuous week, Lottoland Chief Executive Nigel Birrell had written an open letter to Zeal Network shareholders, urging for them to refuse Zeal Network’s planned takeover of competitor Lotto24 AG, which …

Read More »

Zeal counters Lottoland criticism of Lotto24 takeover

The governance of Zeal Network has responded to yesterday’s open letter published by Lottoland CEO, Nigel Birrell urging Zeal shareholders to reject the firm’s approved takeover of German competitor Lotto24 AG. Representing Lottoland as a shareholder of Zeal, Birrell questioned the valuation, legitimacy, management and due diligence of a Lotto24 takeover, stating that should the transaction be processed it would …

Read More »

Becker to serve as ZEAL CEO in 2016

Dr Hans Cornehl, Chief Executive Officer of ZEAL Network SE (formerly Tipp24), is to leave the company at the end of the year after informing the Supervisory Board of the company that he did not wish to renew his contract when it runs out on 31 December 2015. After thirteen years on the Executive Board of the company, with a …

Read More »