Italy's Lottomatica to Merge with Spain’s Cirsa in All-Share Deal (LTMGF:OTCMKTS)
23 Articles
23 Articles
Rome, 2 Sep. - (Adnkronos) - The Lottomatica group and the Spanish Cirsa announce that in yesterday's meeting the respective Board of Directors reached an agreement on the structure and the main terms of a possible merger entirely based on stock exchange as defined in the binding merger agreement between Lottomatica, Cirsa and the majority shareholder of the latter, Lhmc Midco, a company controlled by funds managed by Blackstone. The understandi…
The shareholders of the Catalan company will receive securities from Lottomatica and will take control of 32.5% of the new giant. Blackstone will become its largest individual shareholder, with about 24%
The Italian company Lottomatica has closed a merger contract this Wednesday for the absorption of Cirsa, the Spanish operator of the gambling and betting industry...
Coverage Details
Bias Distribution
- 38% of the sources lean Left, 37% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
