1 of 1
Story summary
- Lottomatica and Cirsa agreed to merge, with Cirsa to be absorbed into Lottomatica.
- Cirsa shareholders will receive 0.668 new Lottomatica shares for each Cirsa share held.
- Cirsa will pay an extraordinary dividend of €262 million before the merger closes.
- Cash synergies of €115 million per year are expected by the third full year.
- Blackstone will own about 24% of the new Lottomatica and appoint two directors.
