MILAN, Jan 8 (Reuters) - Gamma Intermediate said on Wednesday it was selling 24 million Lottomatica LTCM.MI shares, or around 9.5%, through an accelerated bookbuilding process.
Upon completion of the placement, Gamma would retain around 41.9% in Lottomatica and has agreed to a 60-day lock-up on this stake, it said in a statement.
The final terms of the deal are expected to be unveiled by Jan. 9 at the latest.
Barclays, Deutsche Bank, Goldman Sachs International and J.P.Morgan are acting as joint global coordinator and joint bookrunners. Apollo Capital Solutions Europe (ACSE) is acting as joint bookrunner.
(Reporting by Gianluca Semeraro, editing by Alvise Armellini)
((gianluca.semeraro@tr.com; +39 06 80 307 741;))
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