Tag Archives: LOTEX

BNDES issues fourth postponement of LOTEX Brazil sale

SBC News BNDES issues fourth postponement of LOTEX Brazil sale

BNDES – Brazil’s national development bank has sanctioned its fourth postponement of the sale of state-owned instant win (scratch card) operator LOTEX. Last week, an under pressure BNDES issued a corporate communication informing the media and stakeholders that its scheduled Tuesday 26 March auction of LOTEX enterprise had been cancelled. In its update, BNDES governance informs that the LOTEX auction …

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BNDES aims to complete LOTEX Brazil sale by February 2019

SBC News BNDES aims to complete LOTEX Brazil sale by February 2019

BNDES – Brazil’s national development bank has further postponed the tender process for its agreed sale of LOTEX, the state-owned operator of instant win (scratch) games. The sale of LOTEX had received its original government approval on August 2017, allowing BNDES to begin the tender process for 2018, which was reported to be seeking a minimum of BRL 4 billion …

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Lack of Caixa clarity sees BNDES Brazil rethink its LOTEX tender

SBC News Lack of Caixa clarity sees BNDES Brazil rethink its LOTEX tender

BNDES – Brazil’s National Bank for Social Development has scheduled a new auction for the sale of state-owned instant games (scratch & win) operator Loteria Instantânea Exclusiva (LOTEX) to be held on 29 November 2018. The tender of LOTEX was first announced on August 2017, with the Brazilian Finance Ministry targeting a BRL 4 billion (€1.2 billion) for its complete divestment …

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Hot Contest…Brazil opens up tender process for LOTEX instant win games

SBC News Hot Contest...Brazil opens up tender process for LOTEX instant win games

Brazil’s Finance Ministry has confirmed that it will begin the tender process for the privatization of its state-owned lottery instant-win games operator Loteria Instantânea Exclusiva (LOTEX). The LOTEX tender process will be open to national and international gambling operators and will be handled by Brazil’s National Bank for Economic & Social Development (BNDES). Brazilian business news reports have detailed that …

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