Blackstone is set to hold about 24% of merged Lottomatica-CIRSA group
Blackstone is expected to own about 24% of the combined Lottomatica and CIRSA group if their proposed merger receives the required approvals, according to the report. Existing Lottomatica shareholders would hold about 67.5%, while CIRSA shareholders would receive 32.5%; Blackstone would also have the right to nominate two directors to the 13-member board.
If approved, the merger would give Blackstone about 24% ownership and the right to nominate two directors.