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RHCO agrees to acquire 80% of Nigeria’s Morrich Lottery

Deals & M&A

Readen Holding Corporation (RHCO) signed a definitive agreement to acquire an 80% controlling stake in Nigerian lottery operator Morrich Lottery Limited. RHCO said the stake gives it access to licences covering lottery, sports betting and casino operations; completion details were not stated.

The proposed acquisition would give RHCO control of a licensed Nigerian operator with lottery, sports betting and casino licences.

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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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