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Tabcorp Holdings Announces Intention To Demerge Lotteries & Keno Business

05 Jul 2021  |  08:41:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Tabcorp announces intention to demerge Lotteries & Keno

Tabcorp Holdings announced that it intends to undertake a demerger of its Lotteries & Keno business. The decision to pursue a demerger follows the conclusion of a comprehensive strategic review of all relevant structural and ownership options to maximise value for shareholders, as announced on 29 March 2021. The demerger will create two standalone, ASX-listed companies with distinct operating profiles, strategies and growth opportunities. The Company is targeting completion of the demerger by the end of June 2022, subject to all relevant approvals.

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