WE PUBLISH THE OFFICIAL STATEMENT OF THE MERGER BETWEEN LOTTOMATICA AND CIRSA SENT BY KREAB
The document includes all the details of the operation entirely in shares that will give rise to the second largest listed gaming and betting group in the world, with a pro-forma adjusted EBITDA of close to 2,000 million euros.
The press release details the agreement reached by the boards of directors of both companies and the main conditions of the cross-border merger by absorption of CIRSA by Lottomatica. Once the process is completed, CIRSA will cease to exist as an independent legal entity and Lottomatica will be the resulting company.
The new company will maintain the name of Lottomatica, will have its headquarters and registered office in Rome and will retain a second CIRSA headquarters in the province of Barcelona. Its shares will continue to be listed on Euronext Milan and will also be admitted to trading on the Spanish Stock Exchanges.
Lottomatica's current shareholders will control approximately 67.5% of the combined group's capital, while CIRSA's shareholders will hold 32.5%. Blackstone is expected to become the largest individual shareholder, with around 24%.
The operation is subject to the approval of the general meetings of shareholders, as well as the corresponding regulatory, competition, foreign investment and gaming authorizations. Its effectiveness is expected in the second quarter of 2027.
Below, INFOPLAY offers the full official statement sent by KREAB, which includes the financial structure, the exchange ratio, the future governance, the expected synergies and the timing of the operation. SEE OFFICIAL STATEMENT
