Tag Archives: Lotto24

Lottoland ‘disappointed’ by the ‘value destroying’ Zeal-Lotto24 deal

The two-week public spat between Lottoland and Zeal Network appears to have come to an end with the news that Zeal shareholders have approved the proposed deal to buy Lotto24. In a statement, Nigel Birrell, CEO of Lottoland, expressed his disappointment in today’s decision, and has reiterated his opinion that the transaction is ‘value destroying’ for the company. He said: …

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Zeal co-founder Marc Peters backs Lotto24 takeover as ‘best business strategy’

Issuing a corporate filing, the governance of Deutsche Borse listed Zeal Network has revealed that enterprise co-founder and active shareholder Marc Peters has declared his support for the acquisition of German market rival Lotto24 AG. Peters who founded the company in 2000, alongside partner Jens Schumann has detailed his support of a takeover of Lotto24 to Zeal investors, backing corporate governance’s …

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Lottoland CEO urges Zeal shareholders to drop Lotto24 takeover

Lottoland Chief Executive Nigel Birrell has urged Zeal Network SE investors to reject the firm’s planned acquisition of German competitor Lotto24 AG, a transaction which will be voted for at a scheduled Zeal AGM on 18 January. Yesterday Birrell published an open letter to Zeal’s Dr Helmut Becker (CEO) and Jonas Mattson (CFO) questioning the ‘value and economic sense’ of …

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