Intralot in Early Talks With Buyers for Share Capital Hike (1)

Intralot is in preliminary discussions with investors for its upcoming €400 million ($470.6 million) share sale, a move that comes after it agreed to buy Bally’s Interactive International business, the company’s incoming chief executive officer said.

“We want the €400 million raise to ensure the significant free float in the stock,” Bally’s CEO Robeson Reeves said in an interview Wednesday. “We want to make sure that there is enough opportunity for everyone to invest in Intralot,” said Reeves, who will become Intralot’s CEO when the deal is completed.

Greece’s Intralot said Tuesday that it will acquire Bally’s interactive casino business ...