Intralot sells majority state in Peru business

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Intralot has sold an 80% stake in its Peru operations to NG Entertainment Peru S.A.C. for $68.7 million (€64.6 million).

The company will retain a 20% stake in the business and continue to provide technological services and solutions to its operations.

Intralot operates numerical games and sports betting in Peru through a network of 3,700 points-of-sale and online.

The firm said the transaction is in line with an ongoing strategy, “to create, in selected countries, strategic partnerships with strong local partners that offer substantial synergies and local market know-how, strengthening the development of the local business”.

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