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Greece's Intralot Mulls Listing Of Units In Turkey And Bulgaria -Rep

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  • Greece's Intralot Mulls Listing Of Units In Turkey And Bulgaria -Rep

    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
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