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Intralot sells stake in Hellenic Lotteries to Opap for €20m

24th July 2019 7:06 am GMT

Athens-listed operator and supplier Intralot has sold its stake in Greek lottery operator Hellenic Lotteries to Opap for €20m.

The company has signed a binding memorandum of understanding (MOU) for the transfer of the shares held by Intralot to Opap Investment.

Hellenic Lotteries was established in 2013 as a joint venture for a 12-year concession for the management of the Hellenic State Lotteries in Greece.

Intralot held a 16.5 per cent stake in the consortium, with Opap holding [...]

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