Lottomatica agrees to absorb Cirsa in €13.2bn cross-border merger
Lottomatica and Cirsa have agreed to a cross-border merger in which Lottomatica will absorb Cirsa, according to reports. Cirsa shareholders would receive 0.668 new Lottomatica shares per share and hold about 32.5% of the combined company; Cirsa also plans a €262m special dividend before completion. The deal remains subject to shareholder votes and regulatory approvals, including competition, foreign investment and gambling clearances.
The proposed merger would combine two gambling groups, but completion depends on shareholder and regulatory approvals.