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Lottomatica plans to absorb CIRSA in proposed Q2 2027 merger

Deals & M&A

Lottomatica Group and CIRSA Enterprises agreed a plan for CIRSA to merge into Lottomatica, with completion expected in the second quarter of 2027 if shareholder, regulatory and other conditions are met. CIRSA shareholders would receive 0.668 newly issued Lottomatica shares per share, and CIRSA plans to pay an extraordinary dividend of €1.56 per share before completion.

The proposed merger could reshape the companies’ operations and ownership structure across multiple gaming markets, subject to approvals.

End-of-day close Lottomatica (LTMC), EUR, to 6 November 2026
Story date27 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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Deals & M&A

CIRSA and Lottomatica approve merger plan ahead of November shareholder votes

CIRSA and Lottomatica’s boards approved a joint merger plan, according to reports, with shareholder meetings scheduled for 23 November for Lottomatica and 25 and 26 November for CIRSA. Completion remains planned for the second quarter of 2027, subject to shareholder approval and regulatory authorisations. CIRSA shareholders would receive 0.668 Lottomatica shares for each share, with no cash component.

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