Italian gaming and lottery supplier GTECH has completed the acquisition of Unicredit’s stake in Italian instant ticket Scratch & Win concession Lotterie Nazionali.
Through the exercise of the call option announced earlier this month, GTECH has acquired the entire interest indirectly held by UniCredit in the Italian Gratta e Vinci (Scratch & Win) licensee, Lotterie Nazionali S.r.l, for a total consideration of approximately €72m.
As a result, the company’s direct and indirect interest in Gratta e Vinci has increased from 51.5 per cent to 64 per cent.
Unicredit had made an indirect equity investment of €100m in late 2010 in the Scratch & Win concession.
Shares in GTECH S.p.A (Co. Data) (MIB:GTK) are currently trading up 0.36 per cent at €22.09 per share in Milan this morning.