Czech lottery provider heading for England?

The Reuters news agency in Prague reports that Czech lottery and gaming company Sazka is looking at an initial public offering (IPO) in London to help fund growth in its existing European markets and reach new ones.

Announcing the project Friday, Sazka revealed that it has hired Citigroup, J.P. Morgan Cazenove and Morgan Stanley as joint global coordinators.,

Sazka is owned by Czech investors Karel Komarek’s KKCG group and Jiri Smejc’s EMMA Capital, and operates in the Czech Republic, Austria, Cyprus, Greece and Italy.

“We believe in future growth via product innovations, customer experience in online as well as land, when available, via further geographical expansion,” CEO Robert Chvatal said in a statement. “We are evaluating several options to support our growth, including an initial public offering.”

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