By The Weekly Edge desk ·
The boards of Lottomatica Group and CIRSA Enterprises approved a joint cross-border merger plan on 8 October, PressGiochi reported. The plan sets terms and conditions for absorbing CIRSA into Lottomatica.
The approved cross-border merger plan sets terms and conditions for absorbing CIRSA into Lottomatica.
Request a correction / right of reply
Linked through shared companies, regulators and people, or one step further through the graph.
The signed plan sets out CIRSA’s proposed merger into Lottomatica, giving investors a formal agreement following September’s disclosure.
Board approvals advance the merger plan setting terms for Lottomatica to absorb CIRSA.
Lottomatica and CIRSA’s merger plan has board approval ahead of November votes, with BDO confirming the exchange ratio’s fairness.
Cirsa shareholders would receive 0.668 Lottomatica shares per share under the merger plan approved by both boards.
Offshore betting prohibitions and absent online licensing routes limit operators’ regulated entry options in Morocco, Tunisia and Egypt.
Lottomatica’s merger assessment links confidence in Cirsa’s management with lessons from earlier deals that failed after excessive changes were sought.