Olympic Entertainment Invests in Gold, Aeripaeev Reports

Olympic Entertainment Group AS (OEG1T) invested between 6 and 8 million euros ($8.2-11 million) in gold during the last quarter to manage its currency risks, Aeripaeev reported, citing company managers.

The move was due to the “present state” of the global economy and the financial markets, the Tallinn-based newspaper cited Olympic’s main owner Armin Karu as saying.

To contact the reporter on this story: Ott Ummelas in Tallinn at oummelas@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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