It offered an upfront payment of 190 million euros
Intralot’s consortium selected for Greek State Lotteries’ concession
2012-12-13
Reading time 32 seg
(Greece).- The Consortium for the acquisition of the 12-year concession for the exclusive rights to the production, operation, circulation, promotion and management of the Hellenic Lotteries in Greece, announced its provisional selection as the successful bidder for the concession. The Consortium is comprised of firms controlled by OPAP, Lottomatica Group, Scientific Games and Intralot.
The decision of the Hellenic Republic Assets Development Fund is subject to various regulatory approvals, including parliamentary approval.
The Consortium, after internal deliberations, offered an upfront payment of 190 million euros, which was accepted by the Fund. In addition, the Consortium guarantees a minimum of 580 million euros additional payments over the life of the 12 year concession period.
Lottomatica decided to exercise its pre-existing option to dilute to one share and transferred its remaining interests to OPAP.
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