Lottomatica Acquires CIRSA in $3.3bn Gaming Merger
8 Articles
8 Articles
The Milan Stock Exchange closes in rise. The Ftse Mib rises by 0.88% to 52.245 points. To record the rebound of Lottomatica (+5.7%) after the operation with the Spanish Cirsa. It then climbs Azimut (+2.77%), with the 'buy' of Deutsche Bank. (ANSA)
Italy's Lottomatica agreed on Wednesday to buy Spanish rival CIRSA in a €2.8 billion all-share deal to create the world's second-largest listed gaming and sports betting firm after FanDuel owner Flutter .
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Blackstone will become the first shareholder of Lottomatica after the absorption of Catalan Cirsa, where it controlled 74%, although its landing in the Italian group is not conceived as a permanent investment. The US venture capital giant plans to divest itself with the time of the participation close to 24% that will receive in the giant of the resulting game, according to sources familiar with the operation consulted by EL PERIÓDICO, thus culm…
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