Following the complete lack of interest in its previous auction, Brazil's National Economic and Social Development Bank (BNDES) has released details of a new auction process to sell off the Lotex instant lottery concession.
Loteria Instantânea Exclusiva (Lotex) was created in 2015 as an instant win product operated by Brazilian banking group and lottery concession holder Caixa Economica Federal, and has been subject to privatisation attempts ever since.
BNDES' previous auction of the 15-year concession to operate [...]
