PRESS RELEASE: INTRALOT and OPAP signed binding MOU for the transfer of the shares held by INTRALOT in Hellenic Lotteries
INTRALOT and OPAP signed binding MOU for the transfer of the shares held by INTRALOT in Hellenic Lotteries.
July 23rd, 2019
INTRALOT announces that its 100% subsidiary “INTRALOT Lotteries Limited” has signed a binding MOU with OPAP to transfer all of its shares in “Hellenic Lotteries S.A.” (i.e. 511,500 shares or 16.5% of the total) to “OPAP Investment Limited”, for a price of Euro Twenty Million (€20,000,000), i.e. €39.1006842619 per share. In addition, according to the MOU, Hellenic Lotteries SA will sign with INTRALOT SA an amendment to the existing services provision agreement under renegotiated terms & conditions.
The closure of the transaction is expected with the signing of the definitive Share Purchase Agreement upon completion of all regulatory and existing Shareholder Agreement requirements.
INTRALOT, a public listed company established in 1992, is a leading gaming solutions supplier and operator active in 47 regulated jurisdictions around the globe. With €0.9 billion turnover and a global workforce of approximately 5,200 employees (3,000 of which in HQ and subsidiaries and 2,200 in associates) in 2018, INTRALOT is an innovation – driven corporation focusing its product development on the customer experience. The company is uniquely positioned to offer to lottery and gaming organizations across geographies market-tested solutions and retail operational expertise. The company has designed a new ecosystem of holistic omni-channel solutions across verticals (Lottery, Betting, Interactive, VLT) for Lotteries digital transformation. INTRALOT has been awarded the prestigious WLA Responsible Gaming Framework Certification by the World Lottery Association (WLA) and the WLA certificate for the Security Control standard.
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Mr. Tsagalakis Michail, Capital Markets Director