Sberbank of Russia consolidated OOO Sportloto
Sberbank of Russia has consolidated 100% of OOO “Sportloto” - Russian State Lottery Company to support the organization and conduct of the XXII Olympic Winter Games and XI Paralympic Winter Games in Sochi in 2014, says the bank report. Sberbank turned to be the principal owner of “Sportloto” in November 2010, when it bought a 74.99% stake from the structures of Ritzio Entertainment gambling holding founder Oleg Boyko - ZAO Russian lotto and group Milan (hold the All-Russian lottery Russian Lotto and a series of instant lotteries). So far, Russian Lotto remained the owner of 25.01% stake of the Olympic lotteries operator. The amount of the transaction is not disclosed.