Intralot - comment

Yesterday’s Q4 call lasted 20 min followed by two questions - one of which by yours truly - and even that slightly unnecessary. One reason is that it’s easter holidays, another is that the significant news we are all waiting for have simply not yet happened - the sale (or any monetisation) of the inc. Now that the Maltese contract is lost, Intralot have a much lighter CapEx load for this year and so hold comfortable liquidity. So Kokkalis is holding off with the sale until markets bid top-dollar again, or else the whole manoeuvre does not make sense.