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LTMC — Lottomatica SpA News Story

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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions

- The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday:

** Italy's Lottomatica LTMC.MI has agreed to buy Spanish rival CIRSA CIRSA.MC in a €2.8 billion all-share deal to create the world's second-largest listed gaming and sports betting firm, the two companies said.

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** Specialty insurance platform Ignyte Insurance has acquired travel insurance marketplace InsureMyTrip, the company said on Tuesday.

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(Compiled by Sahil Pandey and Rajarshi Roy in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

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