Three Bidders For Germany’s Westspiel Group

Sat, Mar 27, 2021

The number of bidders for Germany’s state-owned gaming group Westspiel has been reduced to three. Now the bidders will make specific offers to run the country’s casinos.

Three Bidders For Germany’s Westspiel Group

Germany put its state-owned gaming group Westspiel for sale in December, and the bidders have been whittled down to three.

The three bidders will now make specific offers, according to the Ministry of Finance. The bidding process is managed by Warth & Klein Grant Thornton AG Wirtschaftsprüfungsgesellschaft. There is no minimum sale price but the government expects to be paid about €3.1 billion (3.65 U.S.) although the exact amount will be determined by how many casinos are opened.

The casino operator currently has 900 employees.

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