By mid-morning, the Gtech stock on the Stock Exchange was up 2,6% (after even reaching +4%) to 17,02 euros. Since the beginning of the year, the shares have still recorded a red of 25,88%, but in the last sessions the quotation has begun a progressive recovery, benefiting from the green light from the US Antitrust atacquisition of slot machine manufacturer Igt.
Even if a series of formal steps are still missing to conclude the operation, yesterday the Italian group obtained a commitment from 13 international banks to guarantee 10,7 billion dollars (8,7 billion euros). Institutes (from Credit Suisse a Barclays, Via Citi, Wells Fargo, BNP Paribas, Up to Deutsche Bank e Credit Agricole with the Italians Intesa Sanpaolo e Unicredit), have a commitment ranging from 350 million to 550 each.
Of the 10,7 billion dollars needed for the operation, 8 will come from a bond issue program between the United States and Europe. The new group that will arise from the merger will be led by the current CEO of Gtech, Marco Sala, and will have Patti Hart, now CEO of IGT, as a board member.
