Lottomatica shareholder Gamma Intermediate selling 9.5% stake via ABB
08/01/2025 16:57
MILAN, Jan 8 (Reuters) - Gamma Intermediate said on
Wednesday it was selling 24 million Lottomatica LTCM.MI
shares, or around 9.5%, through an accelerated bookbuilding
process.
Upon completion of the placement, Gamma would retain around
41.9% in Lottomatica and has agreed to a 60-day lock-up on this
stake, it said in a statement.
The final terms of the deal are expected to be unveiled by
Jan. 9 at the latest.
Barclays, Deutsche Bank, Goldman Sachs International and
J.P.Morgan are acting as joint global coordinator and joint
bookrunners. Apollo Capital Solutions Europe (ACSE) is acting as
joint bookrunner.
(Reporting by Gianluca Semeraro, editing by Alvise Armellini)
((gianluca.semeraro@tr.com; +39 06 80 307 741;))