Lottomatica, an Italian gambling company, agrees to merge with Spain’s Cirsa in an all-share transaction. Multiple reports say the deal is valued at around €3.2 billion and will result in Lottomatica absorbing Cirsa as part of the combined group.
The outlets describe the structure as an all-share deal, meaning shareholders receive shares rather than a cash payment. Seeking Alpha frames it explicitly as a “merge” between the two companies, while Investing.com describes the outcome more as Lottomatica absorbing Cirsa. The reports collectively indicate the combined entity aims to create a larger operator in the European gaming market, though specific operational plans and governance details are not provided in the excerpts.
