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Peru – Intralot offloads entire stake in Intralot de Peru

By - 12 February 2021

Greek lottery and betting company Intralot is selling its 20 per cent shareholding in Intralot de Peru to Nexus group via NG Capital Partners II and its wholly owned subsidiary NG Entertainment for $21m.

It will continue providing its gaming technology and support services to Intralot de Peru SA until 2024. Intralot de Peru is the leading lottery and sports betting company in Peru with gross income in 2020 of approximately 1bn. Its game portfolio includes several lottery brands and products such as Tinka, Kabala, Gana Diario, and sports betting products such as Te Apuesto and Ganagol.

The company 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.

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