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Racing and Sports signs Fairplay Exchange as second UK client

Deals & M&A

Racing and Sports has agreed to supply Fairplay Exchange with a horseracing product for the UK market. The package includes runner insights, racing data and managed trading, including pricing and risk management; Racing and Sports said this is its second UK deal.

The agreement gives Fairplay Exchange a managed horseracing product for its UK platform.

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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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