On October 8, Lottomatica Group S.p.A. along with CIRSA Enterprises, S.A. announced plans for the merger wherein Lottomatica would take over the Spanish firm.
CIRSA will therefore come under Lottomatica and shall be dissolved as an independent company without undergoing liquidation, and all its assets liabilities, and various other legal relationships will be absorbed by Lottomatica.
In case the dividends for 2026 are not paid before the merger becomes operational, the exceptional dividend of CIRSA shall be raised and the management of Lottomatica shall be proposing the dividends post-merger in such a way that dividends of respective shareholders for the year 2026 are similar.
Guglielmo Angelozzi shall retain his positions as chairman and CEO of Lottomatica along with the current name and headquarters of Lottomatica which remains in Rome. Laurence Van Lancker will also serve as the deputy CEO and chief finance officer of Lottomatica and at the same time will have Antonio Hostench Feu and Antonio Grau Folguera continuing as CEO and CFO respectively of the old CIRSA.
Antonio Hostench Feu, Chief executive officer of the CIRSA, said:
The CIRSA team is fully committed to the success of this transaction and looks forward to working alongside our colleagues at Lottomatica to unlock its full potential and build an even stronger business.
The merger plan, BDO’s report and other documents are available on both companies’ websites, and the plan will be filed with the Companies’ Register of Rome.
The companies still expect the combination to take effect in the second quarter of 2027.
