{"id":13248,"date":"2025-08-13T13:33:25","date_gmt":"2025-08-13T13:33:25","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=europe&#038;p=13248"},"modified":"2025-08-13T13:33:25","modified_gmt":"2025-08-13T13:33:25","slug":"novomatics-bid-to-privatize-ainsworth-game-technology-faces-likely-collapse-as-shareholder-opposition-mounts","status":"publish","type":"europe","link":"https:\/\/www.mundovideo.com.co\/en\/europe\/novomatics-bid-to-privatize-ainsworth-game-technology-faces-likely-collapse-as-shareholder-opposition-mounts\/","title":{"rendered":"Novomatic\u2019s bid to privatize Ainsworth Game Technology faces likely collapse as shareholder opposition mounts"},"content":{"rendered":"\n<p>Austrian gaming giant <strong>Novomatic<\/strong> is facing a major setback in its plan to take <strong>Ainsworth Game Technology (AGT)<\/strong> private, with influential shareholders signaling their intent to block the deal.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/mundovideo.com.co\/landing\/multigame-link-la-fiesta\/\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"562\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/06\/la-fiesta-link-mundovideo.jpg\" alt=\"\" class=\"wp-image-12473\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/06\/la-fiesta-link-mundovideo.jpg 1000w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/06\/la-fiesta-link-mundovideo-300x169.jpg 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/06\/la-fiesta-link-mundovideo-768x432.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><\/figure>\n\n\n\n<p>The <strong>Australian Financial Review<\/strong> reports that investment firms <strong>Allan Gray<\/strong> and <strong>Spheria Asset Management<\/strong>, along with AGT founder <strong>Kjerulf Ainsworth<\/strong>, collectively controlling about <strong>20% of the company<\/strong>, have announced they will vote against the proposed <strong>A$1 per share<\/strong> acquisition. While the offer reflects a <strong>35% premium<\/strong> over AGT\u2019s recent trading price, dissenting investors argue it undervalues the company\u2019s underlying assets, intellectual property, and long-term market position.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.mundovideo.com.co\/en\/europe\/ainsworth-accused-of-a-bad-move-to-sell-cheap-to-novomatic\/\">Ainsworth accused of a bad move to sell cheap to Novomatic.<\/a><\/p>\n\n\n\n<p>Under Australian corporate law, if shareholders holding <strong>25% or more<\/strong> of voting rights reject the proposal, the transaction will fail. Given Novomatic already owns approximately <strong>52.9% of AGT<\/strong> and cannot vote its own shares in this process, the opposition from just a fifth of the shareholder base leaves the deal in a precarious position ahead of the <strong>August 29<\/strong> vote.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"562\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/08\/novomatics-bid-to-privatize-ainsworth-game-technology-faces-likely-collapse-as-shareholder-opposition-mounts2.jpg\" alt=\"\" class=\"wp-image-13250\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/08\/novomatics-bid-to-privatize-ainsworth-game-technology-faces-likely-collapse-as-shareholder-opposition-mounts2.jpg 1000w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/08\/novomatics-bid-to-privatize-ainsworth-game-technology-faces-likely-collapse-as-shareholder-opposition-mounts2-300x169.jpg 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/08\/novomatics-bid-to-privatize-ainsworth-game-technology-faces-likely-collapse-as-shareholder-opposition-mounts2-768x432.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<p>The privatization plan was pitched as a strategic move to streamline decision-making, delist from the Australian Securities Exchange, and integrate AGT more fully into Novomatic\u2019s global operations, especially across the <strong>Asia-Pacific<\/strong> and <strong>U.S. gaming markets<\/strong>. However, minority shareholders have criticized the board for backing the deal without seeking higher bids or considering alternative growth strategies.<\/p>\n\n\n\n<p>Industry analysts note that if the takeover fails, Ainsworth will continue operating as a publicly listed company, with Novomatic retaining its majority stake but without full operational control \u2014 a scenario that could slow or complicate its expansion plans.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Australian Financial Review reports that investment firms Allan Gray and Spheria Asset Management, along with AGT founder Kjerulf Ainsworth, collectively controlling about 20% of the company, have announced they will vote against the proposed A$1 per shareacquisition.<\/p>\n","protected":false},"author":1,"featured_media":13251,"menu_order":68,"comment_status":"closed","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[4453,4772,3184],"class_list":{"0":"post-13248","1":"europe","2":"type-europe","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-ainsworth","8":"tag-austria","9":"tag-europe","10":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - 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