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Readen acquires 80% of Nigerian lottery operator Morrich

Deals & M&A

Readen Holding Corporation acquired an 80% stake in Morrich Lottery Limited, a licensed Nigerian lottery operator, the company said. Readen did not disclose the transaction’s financial terms. It plans to add mobile scratch tickets, Keno and a sportsbook, and to use its Readies payment system across Morrich’s operations.

Readen plans to expand Morrich’s licensed lottery operations with mobile scratch tickets, Keno, a sportsbook and its payment system.

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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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