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Brazil set to privatise instant games business LOTEX

26th September 2016 6:49 am GMT
Brazil

The Brazilian government has revealed plans to privatise the state-owned instant win games business LOTEX as part of its efforts to lift the country’s economy out of recession.

The move is a part of President Michel Temer's far-reaching privatisation programme for state-owned assets, including airports, harbours and railways.

The Loteria Instantânea Exclusiva (LOTEX) is currently owned by the federal bank Caixa Econômica Federal (CAIXA), with the privatisation plan envisioning the sale of a 51 per cent share of [...]

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