Intralot finishes sale of Peruvian business to Nexus

intralot

The agreement was set back in May.

The company announced that they completed the sale of an 80 percent stake in Intralot Peru.

Peru.- The leading supplier of integrated gaming and transaction processing systems, Intralot, announced that they finished the sale of an 80 percent stake in Intralot Peru to Nexus Gaming for approximately US$68 million.

The agreement was set back in May of this year, and it’s part of a series of changed in the company’s business, such as the purchase of half of Eurobet, the Bulgarian gaming company. Intralot CEO Antonios Kerastaris, said: “We are proud to expand our presence in Bulgaria through acquiring a strategic share in Eurobet, a market leader in its sector. The complementarity of the product offering between our companies will lead to strengthening our operations in a more consolidated market.”

The company will keep the remaining 20 percent stake, and it will provide its services to Intralot Peru. The company said in a report that it’s strategy follows the principle of creating, 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.