INTRALOT has 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, for a cash consideration of US$21million.
The Company also 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.
