Novomatic AG made an offer to acquire 29% stake in Medial Beteiligungs-GmbH from UNIQA Insurance Group AG (WBAG:UQA) on July 28, 2015. The deal is subject to approval of the Supervisory Board and approvals under legislation governing business combinations and under company law. The conditions precedent are essentially mandatory approvals under merger law and public-law approvals, and these are therefore essential for the closing expected in 2016 or 2017 at the latest. Novomatic AG cancelled the acquisition of 29.63% stake in Medial Beteiligungs-GmbH from UNIQA Insurance Group AG (WBAG:UQA) on January 3, 2017. The deal has not been approved by the antitrust authorities.