Intralot - comment

T’is done. Intralot have successfully executed their 38% rights issue, which gives Standard General approx. 20% in the business. The company remains in control of founder Sokratis Kokkalis and has received fresh capital of €129m, of which €70m in cash from Standard General to enable it to buy back the minority share in Inc and retain cash for corporate purposes. AS previously flagged, this is a very positive event for the 24s.