Lottomatica advances all-share CIRSA merger as analysts assess deal terms
Lottomatica’s announced all-share merger with CIRSA drew mostly positive analyst assessments, according to press reports dated 3 September 2026. Under the terms reported, each CIRSA share would receive 0.668 new Lottomatica shares; Lottomatica shareholders would own about 67.5% of the combined group and CIRSA shareholders, through Blackstone, 32.5%.
The exchange ratio and ownership split shape shareholder value and control if the proposed merger completes.