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Cristaltec acquires 51% of Bakoo, effective 1 January

Deals & M&A

Cristaltec completed its acquisition of a 51% stake in Bakoo, effective 1 January 2026. The companies make gaming content, including land-based and online slot games, and Cristaltec said the deal will strengthen its Italian offering and support potential entry into markets such as Spain.

The acquisition gives Cristaltec majority ownership of a supplier of land-based and online gaming content.

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Deals & M&A

Capula takes €65 million positions in CIRSA-Lottomatica merger

Capula Investment Management has taken positions in CIRSA and Lottomatica ahead of their proposed merger, reportedly seeking to benefit from a difference in their share prices and the exchange value. Its declared CIRSA exposure is about €30 million, while its short position in Lottomatica is valued at about €35 million; the integration is planned for Q2 2027, subject to approvals.

Capula Investment Management has reportedly taken positions in CIRSA and Lottomatica ahead of their planned merger. The arbitrage strategy seeks to benefit from differences between the companies' share prices and the value resulting from the deal.

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