Intralot Group announces that it has reached an agreement with Nexus Group to sell 80% of Intralot de Peru S.A.C., its 100% owned subsidiary in Peru, and will continue to be the company’s technological provider. Intralot Group will keep a 20% participation in Intralot de Perú S.A.C.'s capital stock.
Intralot de Perú S.A.C. operates numerical games and sports betting in the country through a network of 3,700 POS and the Internet. The agreement is in line with Intralot Group’s strategy to create, in selected countries, strategic partnerships with strong local partners that offer substantial synergies and local market know-how, strengthening the development of the local business. Closing of this transaction is subject to the completion of certain condition precedents typical for this kind of transactions, including third party consents.
The Company will follow-up with further announcements as required by regulation.