OEG: The Lithuanian subsidiaries of OEG are merging
Posted on 09.06.2017
The Lithuanian subsidiaries of OEG, Olympic Casino Group Baltija UAB and Orakulas UAB have concluded a merger agreement on 7.06.2017. The merger will be finalised within the current year and during the course of the merger Orakulas UAB will merge with Olympic Casino Group Baltija UAB. After the merger has been completed the group will carry on operating the casinos and betting shops in Lithuania only through Olympic Casino Group Baltija UAB. The aim of the merger is the adjustment of the group’s structure.
The merger of the subsidiaries has no direct influence on the economic activities of OEG Group. The members of the management and supervisory boards of OEG have no personal interest in the transaction.