Novomatic Abandons IPO Plans

Businessn.a. ♦ 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…