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Lottomatica agrees €310m acquisition of Betflag

21st November 2022 10:24 am GMT
Greentube

Italian betting and gaming operator Lottomatica is looking to strengthen its position in its home market with the acquisition of online operator Betflag.

Lottomatica has agreed a deal to acquire 100 per cent of the share capital of Betflag for a consideration of €310m on completion, subject to adjustments based on Betflag's net financial position on that date.

Lottomatica may also pay an additional consideration of up to €50m in 2024, contingent upon Betflag’s financial performance in [...]

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