OpenCalais Metadata: Ticker


Moody’s: Intralot's lottery sale a credit positive

Rating agency Moody's commented on Monday that the sale by Intralot of a 16.5 percent in lottery company Ellinika Lachia to main stakeholder OPAP is a credit positive for Intralot, and that the price of 20 million euros will go a long way toward improving its liquidity, which to date was seen as "weak," according to the agency.

OPAP to buy Intralot's stake in Ellinika Lachia

Gambling giant OPAP announced on Tuesday that its 100 percent subsidiary OPAP Investment Limited has signed a memorandum of understanding with Intralot for the acquisition of the latter's stake in lottery company Ellinika Lachia, amounting to 511,500 shares or 16.5 percent of the share capital, for 20 million euros.