The Lithuanian subsidiary of OEG has been demerged into two entities

Posted on 16.05.2017


The Lithuanian subsidiary of OEG, UAB Orakulas has been demerged into two entities – UAB Orakulas and UAB Orakulas Services. The aim of the demerger was to adjust the group structure by separating the technology platform of online operations and trading and risk management for sports betting services from the operational activities of the subsidiary. OEG owns 100% of the shares in both entities after the demerger.

The demerger of the subsidiary 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.


Madis Jääger
Olympic Entertainment Group AS
Tel + 372 667 1250

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