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Investors step in to help Czech lottery firm Sazka

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Two privately-held investment groups have offered a lifeline to Czech lottery firm Sazka, which missed a payment on a bond last month and faces an insolvency claim. Sazka, the dominant Czech lottery operator, said on Monday it had agreed to take on Penta Investments and E-Invest as financial partners who would take operating control of Sazka and a share of future profits but no equity in the firm.

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