Running for more than 10 years in the Minas Gerais State Lottery, the transaction marks the beginning of a new moment for the Company, focused on its project of growing expansion in the lottery and sports betting operations in the Brazilian state and federal markets.
Closing of this transaction is subject to the completion of certain condition precedents standard for this kind of transactions.
The company will follow-up with further announcements upon definite finalization of the transaction, as required by regulation.
Guimarães & Vieira de Mello Advogados (GMV) acted as exclusive legal advisor to SAGA BGI and Intralot do Brasil in this transaction.
Source: GMB
