By The Weekly Edge desk · · Updated
European Gaming reported on 9 October that the boards of Lottomatica LTMC · EUR 24.11 2026-10-16 Data 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.
Investors have Morales-Hermo’s favourable assessment that the all-share merger would improve the combined group’s retail and online operations.
Offshore betting prohibitions and absent online licensing routes limit operators’ regulated entry options in Morocco, Tunisia and Egypt.