Lottomatica agrees €2.8bn all-share deal to buy CIRSA
Italy’s LTMC has agreed to buy Spain’s CIRSA in a €2.8 billion all-share deal to create a major listed gaming and sports betting group.
Italy’s Lottomatica MIL:LTMC has agreed to buy Spanish rival CIRSA BME:CIRSA in a €2.8 billion all-share deal, the companies said by 0930 GMT on Wednesday. The transaction is intended to create the world’s second-largest listed gaming and sports betting firm.