Intralot and also Intracom Dismiss Merger Gossip
Historic gambling icon Intralot and local IT along with telecom holding Intracom have denied accounts about their possible merger, media outlet Kathimerini reported Friday
In separate but essentially identical assertions published latter last week, the 2 companies said it merger hearsay did not ‘correspond to inescapable fact. ‘ According to those hearsay, a mega-merger of Intralot and Intracom was beneath discussions. The particular transaction was executed to restore the main gambling group’s foothold after it forfeited an important donation in nearby Turkey.
It may also be noted that Intralot had a shaky start of the year using the drop with the nominal value of its bond and the newly released downgrading with its credit ratings.
Intralot and Intracom promote the same inventor and vast majority shareholder Ancient greek language business mogul Sokratis Kokkalis . Mister. Kokkalis arrived in as being the new CEO of the gambling company quick this month, updating Antonios Kerastaris. The these days former Leader of the Artistic gaming, sportsbook, and lottery group left after Intralot lost their bid to go on providing sporting events betting technological know-how to Turkey’s state-owned rider Iddaa.
Myths about a possible tie-up amongst Intralot and even Intracom come about after the pursued reorganization from the telecom along with the recent healing period of the a pair of companies discuss prices, Kathimerini notes. (mais…)