SAO PAULO - The Consórcio Estrela Instantânea placed the winning bid for Brazil’s Lotex instant lottery that was run by state-run lender Caixa Econômica Federal [CEF.UL], according to the official results of the auction held on Tuesday.

The consortium formed by UK-based IGT and U.S.-based SGI made an initial payment of 97 million reais ($23.66 million) for the right to operate Lotex, according to members of the consortium.

(This story corrects origin of firms forming consortium)