On 15.07.2016 OEG group company Jessy Investments B.V. entered into an agreement to divest the 100% holding in its Estonian subsidiary Kesklinna Hotelli OÜ that owns the hotel and entertainment complex building in Tallinn, where the Hilton Tallinn Park hotel and the flagship casino of OEG group, Olympic Park Casino, are based in. The buyer is East Capital group company ECB3 Tallinn OÜ. The transaction price is 48 million euros. OEG published a stock exchange release about entering into the sales contract on the date of signing the sales contract and the release is available at the following address https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=720124&messageId=902766.
On 10.08.2016 the sales transaction of Kesklinna Hotelli OÜ was completed in accordance with the terms disclosed in the 15.07.2016 stock exchange release.
Madis Jääger
CEO
Olympic Entertainment Group AS
Tel + 372 667 1250
E-mail madis.jaager@oc.eu
http://www.olympic-casino.com