Italy's Lottomatica to take over Spain's Cirsa to create combined betting company
02/09/2026 06:19
Italy's Lottomatica to take over Spain's Cirsa to create combined betting company Sept 2 (Reuters) - Italian betting firm Lottomatica LTMC.MI said on Wednesday it would take over Spain's Cirsa CIRSA.MC to create a combined entity whose top shareholder would be U.S. private equity firm Blackstone BX.N.
The combined company, to be listed on Euronext Milan and Spanish stock exchanges, will be created by Lottomatica absorbing the Spanish gambling firm, with Cirsa shareholders receiving 0.668 new Lottomatica share per one Cirsa share.
Lottomatica shareholders are expected to own 67.5% of the resulting company, with Cirsa's main shareholder Blackstone owning about 24% of it, the biggest individual shareholder.
(Reporting by Anna Uras and Javi West Larrañaga, editing by Milla Nissi-Prussak)
Recent news on Lottomatica SpA
See all newsBrief: Cirsa Sets Shareholder Vote On Lottomatica's Merger For Nov 25
Brief: Lottomatica, Extraordinary & Ordinary Shareholders’ Meeting On Nov 23, To Resolve On Merger By Incorporation Of Cirsa
Brief: Lottomatica Group Says Co And Cirsa Boards Approve Common Merger Plan
BTIG cuts Cirsa to 'neutral', sees no rival bids to challenge Lottomatica's takeover
Media: Lottomatica to deploy homegrown gambling technology and AI tools at Cirsa to accelerate online growth- Bloomberg News