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Lottomatica to take over Cirsa, Blackstone to be top shareholder

Italian betting firm Lottomatica will take over Spain’s Cirsa to form a combined entity. The companies said the top shareholder will be U.S. private equity firm Blackstone.

BXCIRSALTMC

Italian betting firm Lottomatica MIL:LTMC will take over Spain's Cirsa BME:CIRSA to create a combined entity whose top shareholder will be U.S. private equity firm Blackstone NYSE:BX, the two companies said on Wednesday.