Italy's Lottomatica to Merge with Spain’s Cirsa in All-Share Deal (LTMGF:OTCMKTS)
30 Articles
30 Articles
The shareholders of the Spanish company will receive 32.5% of the resulting group and an extraordinary dividend of 262 million before the closing Lao, the richest Andalusian in Catalonia
The Italian Lottomatica and the Catalan Cirsa have agreed their merger to create one of the largest listed groups in the world in the field of gambling and betting, a transaction entirely in shares that will keep Rome as headquarters but that will keep a second headquarters of Cirsa in Barcelona. The operation will be articulated by a merger by absorption of Cirsa by Lottomatica. Cirsa, which debuted on the stock market in July 2025, will cease …
Operation with cash synergies of 115 million per year. Blackstone thus becomes the first shareholder of the Italian group, which meanwhile slides on the Stock Exchange
Blackstone will be listed as a majority shareholder with 24% of the capital of the resulting entity, which will result in a sports betting giant.
Rome, 2 Sep. - (Adnkronos) - The Lottomatica group and the Spanish Cirsa announce that in yesterday's meeting the respective Board of Directors reached an agreement on the structure and the main terms of a possible merger entirely based on stock exchange as defined in the binding merger agreement between Lottomatica, Cirsa and the majority shareholder of the latter, Lhmc Midco, a company controlled by funds managed by Blackstone. The understandi…
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