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Brazil Lotex tender process postponed yet again

28th November 2018 7:35 am GMT
Brazil

Brazil’s bid to auction the 15-year Lotex instant lottery concession has been postponed once again due to a lack of interest.

Loteria Instantânea Exclusiva (Lotex) has been the subject of numerous privatisation attempts since its inception in 2015, with the deadline for the latest auction passing on November 27th.

Despite the easing of qualification criteria, changes to the bid guarantee and concession payment schedule, no bids were received for the official unsealing scheduled for today. As a [...]

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