Sponsored
Article Tools

Novomatic Abandons IPO Plans

Published: September 8, 2011; 17:55 · (Vindobona)

The Austrian gaming machine manufacturer is considering placing a bond in order to raise capital for global growth.

Novomatic Abandons IPO Plans / Picture: © Novomatic

Unlike previously announced by its management, Novomatic is no longer planning to go public. Instead, the Lower Austrian company is now considering the placement of a bond. “A bond is an option for us”, stated CEO Franz Wohlfahrt. “There are arguments against an IPO”, he added.

Majority owner and company founder Johann Graf does not want to lose his influence and has thus…

This article includes a total of 177 words.

or Log In

Fast News Search
Related News
Novomatic Continues on Growth Course (August 30, 2011)
Frank Stronach to Apply for Casino Licenses (August 26, 2011)
Fourth Applicant for Lottery Concession (August 11, 2011)
Novomatic Not Interested in Lottery Concession (June 29, 2011)
Austrian Companies Interested in Greek Lottery (June 17, 2011)
Novomatic Considering Application for Lottery Concession (May 18, 2011)
Read More
Novomatic, Lower Austria, Entertainment Industry, IPO, Bond Market, Funding, Franz Wohlfahrt
Featured
Updated Directory of Foreign Ambassadors in Austria 2018
List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter