By The Weekly Edge desk · · Updated
European Gaming reported on 9 October that the boards of Lottomatica and CIRSA approved a merger plan ahead of November votes. Independent expert BDO confirmed that the exchange ratio was fair.
Lottomatica and CIRSA’s merger plan has board approval ahead of November votes, with BDO confirming the exchange ratio’s fairness.
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Board approvals advance the merger plan setting terms for Lottomatica to absorb CIRSA.
The signed plan sets out CIRSA’s proposed merger into Lottomatica, giving investors a formal agreement following September’s disclosure.
The approved cross-border merger plan sets terms and conditions for absorbing CIRSA into Lottomatica.
Cirsa shareholders would receive 0.668 Lottomatica shares per share under the merger plan approved by both boards.
The ranking gives operators and investors a view of relative site positions and reported category growth in Italy.