A team led by Alek Naidenov and Andrew Jennens advised the banks on the financing supporting the cross-border merger of Lottomatica Group S.p.A. and Cirsa Enterprises, S.A.
The transaction combines two of Europe’s leading and publicly-listed gaming and sports betting operators to create a global gaming champion with c. €2bn of Adjusted EBITDA and number 1 positions in Italy and Spain, as well as leading positions in a range of Latin American markets.
Lottomatica will be the surviving entity of the combination and its shares will be listed on both Euronext Milan and the Spanish Stock Exchanges.
The full Linklaters team included Alek Naidenov, Andrew Jennens, Jack Naughton, Marco Carrieri, Dami Banire and Deniyi Coker, with Italian and Spanish support from Esteban Arza, Ugo Orsini, Alejandro Meca, Roberto Egori, Juan Barona, Fabio Balza, Jaime Pelaez, Matteo Feliziani, Elena Esteban and Carlos Olmedo.
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