LUN 29 DE ABRIL DE 2024 - 09:54hs.
It does not raise competition conflicts

EC approves purchase of Cirsa group by the Blackstone fund

The European Commission (EC) gave green light on Friday to the acquisition of Cirsa Gaming Corporation, one of the leading companies dedicated to gambling and leisure, by the US investment fund Blackstone. On April 27, Blackstone purchased the entire company from businessman Manuel Lao Hernández.

According to the community executive in a statement, the operation does not raise competition conflicts given the limited impact of the purchase on the structure of the market.

Brussels added that the transaction was examined in accordance with the simplified merger review procedure.

Cirsa, a global company based in Terrassa (Barcelona), manages 147 casinos, 178 salons, more than 75,000 recreational machines, 70 bingo halls and 2,000 sports betting points in Spain, Italy and Latin America.

The group also develops online gambling activity in Spain, Colombia and Panama and in 2017 achieved an operating profit of 427 million euros, a 7.2% increase, while its operating income increased by 6.4%, up to 1,716 million.

In the last year it has incorporated 25 new casinos in Latin America (17 in Peru, 3 in Panama, 2 in Colombia, 2 in Mexico and one in Costa Rica), bought 75% of the machine operator of Barcelona Miky and incorporated five new gaming halls in Spain, among other operations.

On April 27, Blackstone purchased the entire company from businessman Manuel Lao Hernández.

Sourde: GMB / EFE