By The Weekly Edge desk ·
The boards of Lottomatica Group and CIRSA Enterprises have approved a joint merger plan, SBC Noticias reported. The plan sets out terms for Lottomatica to absorb the Spanish company.
Board approvals advance the merger plan setting terms for Lottomatica to absorb CIRSA.
Request a correction / right of reply
Linked through shared companies, regulators and people, or one step further through the graph.
Lottomatica and CIRSA’s merger plan has board approval ahead of November votes, with BDO confirming the exchange ratio’s fairness.
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.
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.