INTRALOT announces the sale of its stake in Intralot de Peru and the extension of its gaming technology contract
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.