Lottomatica agrees all-share merger with Cirsa

• All-share combination: CIRSA to merge into Lottomatica, creating a gaming group with about €2 billion in adjusted EBITDA.
• Ownership split: Lottomatica shareholders about 67.5%; CIRSA shareholders about 32.5%, including Blackstone at about 24%.
• Exchange ratio: 0.668 new Lottomatica shares for each CIRSA share; CIRSA to pay €262 million extraordinary dividend pre-completion.
• Post-completion capital return of €744 million via a partial voluntary tender offer, extraordinary dividend, or a combination.
• Run-rate cost synergies targeted at about €115 million within three years; net leverage expected at 2.7x at completion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lottomatica Group S.p.A. published the original content used to generate this news brief via SDIR, the Italian regulatory disclosure system (Ref. ID: 171250_oneinfo.pdf), on September 02, 2026, and is solely responsible for the information contained therein.