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The FTSE MIB fell to around 51,800 Tuesday as rising oil prices weighed on markets. Higher crude stoked inflation concerns and expectations that rates may stay elevated, with the ECB expected to lift borrowing costs later this week.
Lottomatica agreed a proposed cross-border all-share merger in which Cirsa will be absorbed. Cirsa shareholders receive 0.668 newly issued Lottomatica shares per share, with expected ownership of about 67.5% for existing Lottomatica holders.
Italian Gaming Group Lottomatica and Cirsa Enterprises have agreed to an all-share merger. The combined entity will retain listings in both Italy and Spain, with Cirsa shareholders receiving 0.668 new shares.
Cirsa approved a binding merger agreement with Italy's Lottomatica.
Italy’s Lottomatica plans to merge with Spain’s Cirsa.