Flutter eyes Balkans expansion with 51% stake purchase of Serbia's MaxBet for $149M
Option to purchase remaining 49% by 2029 Peter Jackson, Flutter Chief Executive
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Option to purchase remaining 49% by 2029 Peter Jackson, Flutter Chief Executive
Flutter Entertainment PLC on Wednesday said it has acquired an initial 51% stake in Serbian omni-channel sports betting and gaming operator MaxBet for EUR141 million in cash. The Paddy Power owner...
Acquisition will give company a foothold in fast-growing market
The FTSE 100 was tentatively higher at the open on Wednesday but failed to make substantial gains as investors remained cautious amid an uncertain economic backdrop. Nerves are frayed about the...
Flutter said the deal also allows it to acquire the remaining 49% stake in 2029 on similar terms. MaxBet will provide Flutter with the platform to access fast-growing markets, the group said.