By The Weekly Edge desk ·
Lottomatica agreed to absorb CIRSA through a cross-border merger paid entirely in shares, reported by Focus Gaming News (ES). The transaction requires approval from both companies’ shareholders and the relevant regulatory authorities.
The merger would combine the operators under Lottomatica and support CIRSA’s online expansion using Lottomatica’s digital capabilities.
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The signed plan sets out CIRSA’s proposed merger into Lottomatica, giving investors a formal agreement following September’s disclosure.
Board approvals advance the merger plan setting terms for Lottomatica to absorb CIRSA.
Lottomatica and CIRSA’s merger plan has board approval ahead of November votes, with BDO confirming the exchange ratio’s fairness.
The approved cross-border merger plan sets terms and conditions for absorbing CIRSA into Lottomatica.
Cirsa shareholders would receive 0.668 Lottomatica shares per share under the merger plan approved by both boards.
Investors have Morales-Hermo’s favourable assessment that the all-share merger would improve the combined group’s retail and online operations.