Italy's Lottomatica to Merge with Spain’s Cirsa in All-Share Deal (LTMGF:OTCMKTS)
45 Articles
45 Articles
$3.3 billion merger pulls Morocco’s biggest casino operator into global betting giant
Morocco’s biggest casino operator is set to become part of a global gambling company generating approximately $2.3 billion in annual adjusted earnings after Italy’s Lottomatica agreed to absorb Spanish rival CIRSA.
The merger will generate approximately €115 million per year of pre-tax cash synergies.
The operation will create the second largest listed gambling and sports betting operator in the world
Lottomatica and Cirsa Enterprises bet companies have concluded an agreement for an equity merger that will keep the new entity listed both in Italy and Spain. Lottomatica, listed on the Milan Stock Exchange, informed this Wednesday that Cirsa shareholders, based in Barcelona, will receive 0.668 new shares of Lottomatica for each paper held. Exclusive material for subscribers. To have full access, access the link of the material and register.
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 …
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