Lottomatica Group S.P.A. ( (IT:LTMC) ) just unveiled an update.
Gamma Intermediate S.à r.l. has announced the sale of 26 million ordinary shares of Lottomatica Group S.p.A., representing approximately 10.3% of the company’s share capital, through an accelerated bookbuild offering targeted at institutional investors. This move will leave Gamma Intermediate with a 31.6% stake in Lottomatica, while Barclays Bank PLC and Deutsche Bank AG act as joint global coordinators for the placement, expected to settle by March 10, 2025.
More about Lottomatica Group S.P.A.
Lottomatica Group S.p.A. operates in the gaming and betting industry, providing a range of lottery, gaming, and betting services. The company focuses on delivering innovative gaming solutions and holds a significant position in the European market.
YTD Price Performance: 29.91%
Average Trading Volume: 386,959
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €4.2B
For detailed information about LTMC stock, go to TipRanks’ Stock Analysis page.