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Lottomatica : Place your bets on the Italian leader
Lottomatica's newly issued € 400m PIYC bond met with lukewarm investor feedback. The issuance, whose proceeds were used to fund a dividend recap, arguably came very soon after the reopening of the network following the second lockdown in Italy. What's more, less than two years after Apollo took the company private, the PE fund recouped its entire investment and may thus lack the incentive to support Lottomatica further. Yet the aggressive deal should not conceal the fact that Lot...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Maxime Kogge
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