Italy: Consolidation on the cards?
3 Sep 2010
ITALY -- Snai, Italy's largest betting store chain, has received a takeover offer from Sisal, which could spell consolidation for the country's gambling market, The Financial Times reported.
Snai has been struggling with debt, The Financial Times report said.
Sisal is owned by two UK private equity groups, but Snai has received other merger interest from Italian companies, according to the Financial Times.
The Italian gambling market is the second largest in Europe, the report noted.