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GREECE'S INTRALOT MULLS LISTING OF UNITS IN TURKEY AND BULGARIA - REPORTS
AFX Europe (Focus)
May 02, 2006
LONDON (AFX) - Greek betting technology company Intralot is considering
listing its subsidiaries in Turkey and Bulgaria on the respective local
stock exchanges, according to several unsourced Greek press reports.
The reports said that Intralot, along with its partner Turkcell, plan
to list Inteltek on the Turkish Stock Exchange. Inteltek is 55 pct
controlled by Turkcell and 45 pct by Intralot and has the exclusive
license to run fixed-odds betting for 8-years in Turkey on behalf of
Sportoto, the Turkish national betting company.
Turkcell is an affiliate of TeliaSonera.
Inteltek will reportedly use the capital proceeds from the listing
to expand to new markets like Kazakhstan, Azerbaijan, Turkmenistan
and Armenia.
The press reports added that Intralot is also considering listing
Eurofootball, its 49 pct controlled Bulgarian fixed-odds betting
subsidiary on the Sofia Stock Exchange. Eurofootball is 51 pct
controlled by the Bulgarian State.
From: Emil Lazarian | Ararat NewsPress
AFX Europe (Focus)
May 02, 2006
LONDON (AFX) - Greek betting technology company Intralot is considering
listing its subsidiaries in Turkey and Bulgaria on the respective local
stock exchanges, according to several unsourced Greek press reports.
The reports said that Intralot, along with its partner Turkcell, plan
to list Inteltek on the Turkish Stock Exchange. Inteltek is 55 pct
controlled by Turkcell and 45 pct by Intralot and has the exclusive
license to run fixed-odds betting for 8-years in Turkey on behalf of
Sportoto, the Turkish national betting company.
Turkcell is an affiliate of TeliaSonera.
Inteltek will reportedly use the capital proceeds from the listing
to expand to new markets like Kazakhstan, Azerbaijan, Turkmenistan
and Armenia.
The press reports added that Intralot is also considering listing
Eurofootball, its 49 pct controlled Bulgarian fixed-odds betting
subsidiary on the Sofia Stock Exchange. Eurofootball is 51 pct
controlled by the Bulgarian State.
From: Emil Lazarian | Ararat NewsPress