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    You are at:Home»News»Vendor Works»INTRALOT Announces the Sale of its Stake in Intralot de Peru and the Extension of its Gaming Technology Contract
    Vendor Works

    INTRALOT Announces the Sale of its Stake in Intralot de Peru and the Extension of its Gaming Technology Contract

    February 9, 20211 Min Read
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    INTRALOT announced 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$21 million. 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.

    Further to the announcement dated 8.2.2021, INTRALOT informs the investors community about the completion of the sale of its entire stake of 20% in Intralot de Peru to Nexus Group, with the net cash consideration, after taxes and transaction expenses, amounting to USD $16.2 million.

     

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