What scenario opens up for Cirsa's shareholder with the merger with Lottomatica?
The Italian company Lottomatica and the Spanish company Cirsa are looking to create a gaming giant, which is why a few days ago the boards of directors of both companies presented a merger proposal by absorption. What do analysts advise?
Italian company Lottomatica and Spanish company Cirsa are planning a merger to create a gaming giant. The deal would see Cirsa's shareholders receive 0.668 new Lottomatica shares for each Cirsa share, giving them approximately 32.5% of the combined group's capital. Cirsa will also pay an extraordinary dividend of €1.56 per share before the merger, and analysts expect the combined company to generate significant returns, including €4,000 million in the three years after the deal.
The merger still needs approval from the companies' shareholders, with Blackstone, which controls 74% of Cirsa, committed to voting in favor.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
