NG Entertainment Peru S.A.C. has reached a binding agreement to acquire 20% stake in Intralot de Perú S.A. (BVL:INTLOTC1) from Intralot S.A. Integrated Lottery Systems and Services (ATSE:INLOT) for $21 million on February 8, 2021. Under the terms of agreement, consideration will be paid in cash and Intralot de Perú S.A is consolidated through the Equity method. The transaction will be fully financed with debt. Closing of this transaction is subject to the completion of certain condition precedents standard for this kind of transactions. Completion of the transaction is expected to happen by the end of February 2021.

NG Entertainment Peru S.A.C. completed the acquisition of 20% stake in Intralot de Perú S.A. (BVL:INTLOTC1) from Intralot S.A. Integrated Lottery Systems and Services (ATSE:INLOT) for $16.2 million on February 24, 2021. Skadden, Arps, Slate, Meagher & Flom LLP and Carlos Saco-Vertiz Tudela, Jaime Sabat Pancorvo and Gerardo Guzmán Espino of BBGS Abogados Peru acted as legal advisor to Nexus Group, parent of NG Entertainment Peru S.A.C. Julia Boyd of Reed Smith LLP and Panos Katsambas of Reed Smith LLP, London Branch acted as legal advisor to Intralot S.A. Integrated Lottery Systems and Services. Roberto MacLean Martins and Javier García Vélez of Miranda & Amadon acted as legal advisor to Intralot S.A. Freddy Escobar Rozas of Lazo, De Romaña & Gagliuffi acted as legal advisor to Intralot de Perú S.A.