Latest news with #Lottomatica
Bloomberg
7 hours ago
- Business
- Bloomberg
Stock Movers: Sabadell Down, Vestas Down, Apollo Deal
On this episode of Stock Movers: - Banco Sabadell is considering a sale of its UK unit TSB, the latest twist in a year-long effort to defend itself against a takeover by rival BBVA. - Clean energy stocks including Vestas and Orsted fall in Europe after US Senate Republicans released a bill that would end tax credits for wind and solar earlier than for other sources, and make only modest changes to most other incentives. - An Apollo Global Management Inc. investment vehicle sold its entire 21.3% stake in Italian betting firm Lottomatica Group Spa on Monday, leading a €2.3 billion ($2.7 billion) wave of European block trades as investors capitalized on the market's bounce.
Bloomberg
a day ago
- Business
- Bloomberg
Gamma Offers 21% Stake in Italian Betting Firm Lottomatica
Lottomatica Group Spa 's largest shareholder Gamma Intermediate is seeking to sell its entire stake in the Italian betting company, worth about €1.2 billion ($1.4 billion). Gamma Intermediate is offering about 53.6 million shares through an accelerated share sale after markets closed in Italy on Monday, according to a statement. The stake represents about 21.3% of Lottomatica's outstanding share capital, and shares are being offered at €22.50 apiece, according to terms seen by Bloomberg.
Reuters
04-03-2025
- Business
- Reuters
Italy's Lottomatica forecasts higher core profit for 2025
March 4 (Reuters) - Italian betting firm Lottomatica ( opens new tab on Tuesday forecast an adjusted core profit (EBITDA) of 840 million to 870 million euros ($880.4 million to $911.9 million) for 2025, boosted by solid results across business segments and brands. The Rome-based gambling group's adjusted EBITDA was 739.4 million euros last year, exceeding its own guidance range of 700 million to 730 million euros. The company, which returned to the Milan stock exchange in 2023, pledged an annual dividend of 0.30 euro per share, up from the 0.26 euro per share it paid out last year. Advertisement · Scroll to continue Lottomatica's board also proposed a buyback programme of up to 10% of its share capital to the shareholder assembly. ($1 = 0.9541 euros)
