Tipico completes acquisition of ATLAS Group from Novomatic in Austria
Tipico said it completed its acquisition of ATLAS Group GmbH from Novomatic on 8 August, acquiring the parent company of Admiral. The company said both Tipico and Admiral will remain active in Austria; competition requirements mean Tipico will divest a large portion of its retail outlets there.
Tipico now owns Admiral’s parent company, but competition requirements will force it to divest a large portion of Austrian retail outlets.