Sociedad Estatal de Loterias y Apuestas del Estado has appointed a consortium of six banks to manage its initial public offering (IPO) worth €7.5 billion, The Wall Street Journal reports. The Spanish lottery giant has selected four international banks JP Morgan Chase, Goldman Sachs, UBS and Credit Suisse to sell the shares.

Bilbao Vizcaya Argentaria and Banco Santander have been appointed as coordinators for the 30% stake sale. The company is expected to be listed by the first week of November.

Click here for the story from The Wall Street Journal.