Market announcement
Olympic Entertainment Group AS
Category
Other price sensitive information
Date
18.01.2008 09:13:58
Title
AS Admirāļu Klubs omandamise eellepingu lõpetamine
Message
Olympic Casino Latvia SIA sõlmis eellepingu AS Admirāļu Klubs ostuks 26. oktoobril 2007. Tehingu esialgseks väärtuseks hinnati 625,9 miljonit krooni (40 miljonit eurot). Tulenevalt due diligence`i tulemustest ei jätka Olympic Entertainment Groupi (OEG) Läti tütarettevõte Olympic Casino Latvia SIA Läti suuruselt kolmanda kasiinooperaatori AS Admirāļu klubs omandamist eellepingus sätestatud tingimustel. Samas jätkavad pooled konsultatsioone mõlemale osapoolele vastuvõetavate tingimuste leidmiseks. Lisainfo: Andri Avila juhatuse liige Olympic Entertainment Group Tel + 372 667 1250 E-post andri.avila@oc.eu www.olympic-casino.com
Title
Cancellation of the preliminary contract for the acquisition of AS Admirāļu Klubs
Message
Olympic Casino Latvia SIA concluded preliminary contract for the acquisition of the AS Admirāļu Klubs on 26th October 2007. The initial value of the agreement was estimated as 625,9 mln EEK (40 mln EUR). In connection with the results of the due diligence, Olympic Entertainment Group`s(OEG) subsidiary company Olympic Casino Latvia SIA will not proceed the aquisition of the casino operator AS Admirāļu Klubs on the terms constituted in the preliminary agreement. The consultations will continue in order to find conditions suitable for both parties. Additional information: Andri Avila Member of the Management Board Olympic Entertainment Group Tel + 372 667 1250 E-post andri.avila@oc.eu www.olympic-casino.com