Casinos Austria Group Ends Substantial Holding in Reef Casino Trust Following Off-Market Takeover Bid
Casinos Austria Group has sold its entire stake in Reef Casino Trust for $3.87 per security via an off-market takeover bid.Summary
The Casinos Austria Group has officially ceased to be a substantial holder in Reef Casino Trust (ASX: RCT) by disposing of its entire relevant interest. The transaction, completed on 9 January 2026, involved the sale of 33,046,908 Ordinary Units and 370,000 Founders Units. The disposal was executed by accepting an off-market takeover bid, with the consideration set at $3.87 cash per security, as outlined in a Bidder's Statement dated 29 August 2025. The sold units were held both directly by the group and through the jointly-owned entity, Reef Casino Investments Pty Ltd. The filing lists numerous Casinos Austria Group entities across multiple jurisdictions that were part of this divestment, which followed a prior substantial holding notice filed in July 2012.
(Source：Kalkine Media)