- October 1, 2021
- Posted by: Stratford Team
- Category: Business
By Jaime Llinares Taboada
Shares in Tintra PLC rose Friday morning after the company said that it is progressing an acquisition and a joint-venture deal, and that it has received an offer for its lottery-administration business.
The investment company said it is in advanced negotiations with a potential acquisition target, although no binding contract has been signed yet.
In addition, Tintra has completed talks regarding a venture with a developer of artificial-intelligence software within the financial-technology sector, and expects to make an announcement next week.
Finally, the company said it expects to take a decision regarding the sale of the lottery business within two weeks.
Shares at 0708 GMT were up 8.3% at 65 pence.
Write to Jaime Llinares Taboada at firstname.lastname@example.org; @JaimeLlinaresT