February 14, 2021

Intralot to dispose its entire stake in Intralot de Peru SA

Intralot to dispose its entire stake in Intralot de Peru SA

Gambling company Intralot announced that it has signed a binding agreement with Nexus Group in Peru to sell its entire 20% stake in Intralot de Peru SA, for a cash consideration amounting to US $21 million.

The company also signed a three-year extension of its existing contract with Intralot de Peru SA through 2024, to continue providing its gaming technology and support services.

Closing of this transaction is pending the completion of certain requirements standard for this kind of transaction, the company explained through its website. Intralot will follow-up with further announcements with regards to the definite shares transfer and potential timing of cash in-flow, as required by the law.

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