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Lottomatica and Cirsa approve merger plan ahead of November shareholder vote

Deals & M&A

Lottomatica and Cirsa’s boards approved a cross-border merger plan, with shareholders due to vote at extraordinary meetings in late November 2026. Cirsa shareholders would receive 0.668 newly issued Lottomatica shares per share, and Cirsa plans a special dividend of EUR1.56 per share, about EUR262m; completion is expected in the second quarter of 2027.

The proposed merger would transfer Cirsa’s assets and liabilities to Lottomatica and change the combined group’s listings.

End-of-day close Lottomatica (LTMC), EUR, to 6 November 2026
Story date25 August 20266 November 2026

Latest reported results

Lottomatica Euronext Milan: LTMC

Quarter ended 30 September 2026

Revenue
EUR 526.4m

CIRSA BME: CIRSA

Quarter ended 30 September 2026

Revenue
EUR 627.6m

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