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International Game Technology PLC Announces Completion Of Sale Of Italian B2C Gaming Business


International Game Technology PLC Announces Completion Of Sale Of Italian B2C Gaming Business
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LONDON, May 11, 2021 /PRNewswire/ International Game Technology PLC (NYSE:IGT) (
IGT ) announced that on May 10, 2021 its wholly-owned subsidiary, IGT Lottery S.p.A. (formerly Lottomatica Holding S.r.l.) (the
Seller ), completed the sale of 100% of the share capital of Lottomatica Videolot Rete S.p.A. and Lottomatica Scommesse S.r.l., the members of the IGT group which conduct its Italian B2C gaming machine, sports betting, and digital gaming businesses (the
Subsidiaries ), to Gamenet Group S.p.A., a subsidiary of funds managed by an affiliate of Apollo Global Management, Inc. (together with its subsidiaries, ....

City Of , United Kingdom , Phil Oshaughnessy , Latham Watkins , James Hurley , Francesco Luti , Lottomatica Scommesse , Wharton Garrison , Global Communications , Gamenet Group , Steen Hamilton , Prnewswire International Game Technology , International Game Technology , Apollo Global Management Inc , Barclays Bank Ireland Plc , Credit Suisse International , Lottomatica Holding , White Case , Apollo Global Management , Suisse International , Bank Ireland Plc , Gaming Machines , Sports Betting , Private Securities Litigation Reform Act , Investor Relations , Game Technology ,

International Game Technology PLC : Announces Completion Of Sale Of Italian B2C Gaming Business


LONDON, May 11, 2021 /PRNewswire/ International Game Technology PLC (NYSE:IGT) (
IGT ) announced that on May 10, 2021 its wholly-owned subsidiary, IGT Lottery S.p.A. (formerly Lottomatica Holding S.r.l.) (the
Seller ), completed the sale of 100% of the share capital of Lottomatica Videolot Rete S.p.A. and Lottomatica Scommesse S.r.l., the members of the IGT group which conduct its Italian B2C gaming machine, sports betting, and digital gaming businesses (the
Subsidiaries ), to Gamenet Group S.p.A., a subsidiary of funds managed by an affiliate of Apollo Global Management, Inc. (together with its subsidiaries,
Apollo ) (NYSE:APO), a leading global alternative investment manager, for a cash purchase price of €950 million (€725 million of which was paid at closing, €100 million of which is payable on December 31, 2021, and the remaining €125 million of which is payable on September 30, 2022). IGT will use the funds received at closing net of appro ....

City Of , United Kingdom , Phil Oshaughnessy , Latham Watkins , James Hurley , Francesco Luti , Lottomatica Scommesse , Wharton Garrison , Global Communications , Gamenet Group , Steen Hamilton , Prnewswire International Game Technology , International Game Technology , Apollo Global Management Inc , Barclays Bank Ireland Plc , Credit Suisse International , Lottomatica Holding , White Case , Apollo Global Management , Suisse International , Bank Ireland Plc , Gaming Machines , Sports Betting , Private Securities Litigation Reform Act , Investor Relations , Game Technology ,