Signs 3-year extension to gaming technology contract with local associates
INTRALOT announces that it has reached a binding agreement with Nexus Group in Peru to sell its entire stake of 20% in Intralot de Peru SA, an associate of INTRALOT Group, which is consolidated through the Equity method, for a cash consideration of US$21million (twenty-one million US$). In addition, the Company has signed a three-year extension of its current contract with Intralot de Peru SA through 2024, to continue to provide its gaming technology and support services.
Closing of this transaction is subject to the completion of certain condition precedents standard for this kind of transactions. The Company will follow-up with further announcements on the definite shares transfer and possible timing of cash inflow, as required by regulation.
Lotteries, technology and betting provider Intralot is listed at the Athens Stock Exchange, and last year launched its comprehensive esports betting offer with Intralot Peru in May, with the aim of interacting with new audiences in the region.
Intralot de Peru is the leading lottery operator in the country with the sale of sports betting games and lotteries in Peru, such as Tinka, Gana Diario, Kábala, Rapitinkas, Rapigana, Kinelo, Clic & Gana.
