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CIRSA all-share merger targets €150M cost synergies and €4B returns

CIRSA’s all-share merger creates a global gaming leader with #1 positions in Italy and Spain. The companies target €150 million cost synergies and €4 billion in shareholder returns over three years.

CIRSA

The merger creates a global gaming leader with #1 positions in Italy and Spain, targeting €150 million in cost synergies and €4 billion in shareholder returns over three years.

The deal leverages Lottomatica's tech and CIRSA's market reach, with low integration risk and significant online growth po…