Intralot Announces Sale of its Stake in Intralot do Brasil
Saga Business & Gaming Intelligence (‘SAGA’) announces the acquisition of Control of Intralot do Brasil as a result of an Agreement signed with Intralot Group S.A. The company will continue to provide its gaming technology after the closing of the transaction. Operating for more than 10 years in the Loteria do Estado de MG, the transaction marks the beginning of a new moment for the Company, returning to the project of frank expansion of its lottery and sports betting operations in the Brazilian markets both at state and federal level.
Intralot announces that it has reached an agreement linking it to “Saga Consulting, commercial, Business and Represantation” (SAGA) in Brazil to sell its entire stake in “Intralot do Brazil Trade in Computer Equipment and Systems LTDA”.
The closing of this transaction is subject to the fulfillment of certain precedent conditions that are standard for this type of transactions.
The company will follow up with new announcements after the final completion of the transaction, as required by the regulation.
Guimarães & Vieira de Mello Advogados (GMV) acted as exclusive legal advisor to Saga BGI and Intralot do Brasil in this transaction.