Intralot announces the sale of its stake in Intralot do Brasil

in Finance

Saga Business & Gaming Intelligence SA ('SAGA BGI') announces to its customers and business partners that has entered an agreement for the acquisition of Control of its investee' Intralot do Brasil Comércio de Equipamentos e Sistemas de Informática Ltda '('Company ') with Intralot Group S.A. on this date.

Intralot Group S.A. will continue to supply its gaming technology to the Company after the closing of the transaction.

Running for more than 10 years in the Minas Gerais State Lottery, the transaction marks the beginning of a new moment for the Company, focused on its project of growing expansion in the lottery and sports betting operations in the Brazilian state and federal markets.

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 upon definite finalization of the transaction, as required by regulation.

Guimarães & Vieira de Mello Advogados (GMV) acted as exclusive legal advisor to SAGA BGI and Intralot do Brasil in this transaction.

https://www.gamesbras.com/english-version/2021/5/14/intralot-announces-the-sale-of-its-stake-in-intralot-do-brasil-23170.html