Lottomatica: 23 November shareholders’ meeting on the Cirsa merger; closing confirmed for the second quarter of 2027

The Spanish members’ meeting on 25–26 November

(Il Sole 24 Ore Radiocor) - The shareholders’ meetings of Lottomatica and Cirsa Enterprises will be held at the end of November to approve the proposed merger which will give rise – as announced in September – to the

the world’s second-largest listed gaming and sports betting operator by size. The boards of directors have approved the transaction and resolved to convene general meetings on 23 November for Lottomatica shareholders and on 25–26 November for shareholders of the Spanish group. The planned timeline for the completion of the merger by the second quarter of 2027 has been confirmed. Shareholders of the Italian group will also be asked to approve the expansion of the board of directors from 11 to 13 members, subject to the merger taking effect, and the 2027–29 share option scheme. Under the agreements, Blackstone – Cirsa’s main shareholder and the future largest shareholder of the new entity with a 24 per cent stake – will have the right to appoint two members of Lottomatica’s board of directors.

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