Tintra Shares Rise on Potential Acquisition, AI Software JV, Lottery Business Sale

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 jaime.llinares@wsj.com; @JaimeLlinaresT

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