Blackstone is preparing to exit its stake in Cirsa after the absorption of the Catalan company by the Italian group Lottomatica, an operation that occurs just one year after listing Cirsa on the stock exchange. The North American private equity giant, which held 74% of the Catalan group, will receive a stake close to 24% in the resulting Italian gaming giant from the merger.
According to sources familiar with the operation consulted by EL PERIÓDICO, Blackstone will become the largest shareholder of the Lottomatica group after the completion of the absorption. However, the landing in the Italian group is not designed as a permanent investment by the private equity firm.
The operation represents the culmination of a divestment process initiated after more than seven years as the largest shareholder of Cirsa. Blackstone plans to gradually dispose of the approximately 24% stake it will receive in the company resulting from the merger.
