Greek lottery and betting company Intralot, through NG Capital Partners II and its wholly owned subsidiary NG Entertainment, is selling its 20 percent stake in Intralot de Peru to Nexus Group for $21 million.
Largest Peruvian lottery and sports betting firm
Until 2024, it will continue to provide Intralot de Peru SA with its gaming technology and support services. Intralot de Peru is the largest Peruvian lottery and sports betting firm with a gross income of about 1bn in 2020. Multiple lottery brands and goods such as Tinka, Kabala, Gana Diario, and sports betting products such as Te Apuesto and Ganagol are part of its game portfolio.
Intralot Group Associate
The corporation said: “Intralot has reached a binding agreement with Nexus Group in Peru to sell its entire stake of 20 per cent in Intralot de Peru SA, an associate of Intralot Group, which is consolidated through the Equity method, for a cash consideration of US$21m.
“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.”