Lottomatica buys CIRSA (at 6x 2026E EV/EBITDA)
Lottomatica Group (LTMC-IT) and CIRSA have agreed on the principal terms of an all-stock combination that will create a global leading sports betting and gaming operator, through a cross-border merger by absorption of CIRSA into Lottomatica (LTMC-IT). The transaction is subject to approval by their respective General Shareholders’ Meetings and the fulfillment of relevant regulatory and corporate conditions. The combined company will have a pro forma Adjusted EBITDA of approximately…
