Intralot sells 80 percent stake in Peru business

Intralot Group has concluded the sale of an 80 percent stake in its Peruvian subsidiary, Intralot de Peru, to Nexus Group Entertainment Peru S.A.C. for a cash consideration of $68.7 million.

The deal supports Intralot’s strategy to develop strategic partnerships with strong local partners in selected countries, leveraging synergies and local market know-how that local companies can provide.

Intralot will retain its remaining 20 percent stake to maintain a presence in the Peruvian market.