ZEAL Submits Concretized Squeeze-Out Request to LOTTO24 AG

ZEAL Network SE, the holding company and main shareholder of LOTTO24 AG, announced its concretized transfer request for LOTTO24 AG. The resolution on the squeeze-out will be voted on at the Annual General Meeting of LOTTO24 AG on August 27, 2024.

The cash compensation for minority shareholders’ shares has been set at €479.25 per share. This valuation was carried out by KPMG AG Wirtschaftsprüfungsgesellschaft and confirmed by court-appointed expert auditor ADKL AG Wirtschaftsprüfungsgesellschaft. ZEAL Network SE holds about 95.45 percent of the share capital and voting rights of LOTTO24 AG.

With a price of €479.25 per share, ZEAL Network SE will pay approximately €36.3 million for the remaining shares. The acquisition will be funded entirely through loans, for which ZEAL Network SE has already signed agreements.