Tatts Group Limited
(ASX:TTS) has expanded its decade long relationship with internet lottery business, Jumbo Interactive Limited
(ASX:JIN).
Tatts purchased $15.66 million in shares in Jumbo, taking its holding in the company to 15%.
Both parties also extended all reseller agreements for five years, with potential to continue beyond 2022.
Tatts will also be granted a 12-month option to acquire about a further 3.4 million shares [3,474,492 shares] with a strike price of $2.37, subject to shareholder approval.
Shares in Tatts Group Limited
(ASX:TTS) are 0.22% lower at $4.37.
