Lottomatica to buy CIRSA to form Blackstone-backed betting giant
Lottomatica will pay CIRSA investors 0.668 new Lottomatica shares for each CIRSA share tendered, valuing CIRSA at €16.55 per share, a premium of just over 21%. The merged group plans to return up to €4 billion via dividends and buybacks, plus an extraordinary €262 million dividend before closing expected in Q2 2027, subject to shareholder approvals. CIRSA generates 53% of core earnings from casinos and gambling halls.