Cirsa plays it in the stock market. The gaming and entertainment company will begin to quote in this environment in the Spanish parquet at a price of 15 euros per share, which is an estimate of about 2520 million euros. Thanks to the operation, which includes the issuance of new shares, the company expects to apply 400 million euros, so the floating capital will be approximately 18% of share capital.
Blaxtone will support 78.4% of joint -stock capital, and the remaining 3.6% will be distributed among the senior management of the company. In any case, if the whole is used, the American fund will have 75.7% of the actions and Free float This will exceed 20%.
The company spoke in detail in the brochure of the IPO OPO Leaf, which intends to use income to reduce debt, in particular, to reimburse the existing bonds of the company in the amount of 375 million euros. One of the main risks that the company recognizes is its bulky debt, which exceeds 2.3 billion. It indicates that the figure that can grow from the market conditions, although it hopes to reduce it to the ratio of 3.5 times larger EBITDA (gross benefit for operation).
Changes in the rules of the gaming industry are another of the main risks that he faces.
The Slot Slot company, the owner of Sportium, supports the trials with justice for “negligence” under the control of the propati, in accordance with the sentence, which the company appealed in the Supreme Court.
Cirsa won 12.6 million last year, which is 84% less than in the previous year, from a significant part of the growth of financial costs, despite the fact that its operational allowance increased to 699 million, which is 11% more. Establishing income also increased by 8%, to 2150 million euros.
In the first quarter of this year, he gained an advantage of 18.7 million, which is 21.5% more than a year earlier, especially due to an increase in income from the game stage and online machines that have already reached almost a quarter of the total, in particular 22.5%.
Multinational, which was sold by Blaxtone Manuel Lao, is currently working in eleven countries through a casino, recreational machines, sports rates and online tops.
The entry into the company’s stock market, which seeks to enter the IBEX 35 for its capitalization, also entails changes in his council of directors.
The executive president of the company Hoakim Augut (the former director of General Electric and the former president of Terra) will retain this position, as well as the Director General of Antonio Hostekh.
In addition, in Blackstone, Assant Lyonel willow willy and Miguel Garcia as its representatives, and the company included Paloma Bimonte, Bernard Cortiho, Aracha Diaz-Llado, Rotio Fernandez and Rotio Martinese as independent advisers.
IPO Cirsa is the second that occurs in Barcelona, from which the Puig Perfumery and Cosmetics Group, which jumped into parquet with an estimate of 14,000 million euros, starred in May 2024.
The debut of the gaming company and leisure will be more modest, but it is expected that with the “illusion” he admitted to the president of Cirsa, Joachim Agut, in a statement confirmed by the details of its beginning on the stock market. “The great interest shown by investors around the world, and the solid demand for the proposal emphasizes interesting opportunities,” said Authut.
Thus, multinational climax is completed by numerous attempts to quote, made in recent years. The road to the cult image of The Bell Touch was not easy. Cirsa inserted several times on the stock exchanges and a little more than a year ago on hiring the Deutsche Bank, Barclays and Morgan Stanley investment banks for assessment. The movement, which the same company admitted that they were “a large number of steps” forward, so that it came true after he tried it for the last time in 2017.
One of the first players in the world
Cirsa (International Recreation Company) was founded in 1978 by Manuel Lao with his brother Juan, who began with the design and manufacture of recreational machines in Terrasse (Barcelona). In 1985, he acquired the first casino in Spain, in Marbell, and four years later he entered the Bingo sector with the purchase of Salas in Castello and Zaragos. In 1990, he made an international leap with the acquisition of a casino in the Dominican Republic. Since then, the company has broken its business, especially on the Iberian Peninsula and Latin America.
Two brothers were divided in 1998, Manuel bought part of Juan for 20,000 million songs (120 million euros). In 2018, Lao sold already transnational for American private capital funds managed by Blackstone, and Aguet was appointed president. Cirsa is currently operating in 11 countries where this sector is regulated and controlled, among other things, more than 400 casinos and more than 83,000 cars.