Intralot Group buys 35 pct stake in Bit8‏

Gazzetta team
Intralot Group buys 35 pct stake in Bit8‏
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Intralot Group on Thursday said its subsidiary Intralot Global Holdings BV purchased a 35 pct stake in Bit8. Under the terms of the agreement, Intralot has a call option to raise its equity stake in the company to 60 pct in the next two years depending on achieving specific economic targets.

The agreement also offers existing shareholders a put option to sell the remaining stake in Bit8.

Intralot and Bit8 are cooperating since February 2015 as part of a plan to smoothly integrate Bit8 platform into Intralot's platform, offering Intralot's customers customer relation management services and player account management services over a series of new lottery and gaming platform.