Flutter to buy Italian company Snaitech in €2.3bn

📆 9/17/2024 11:40 AM
📰 IrishTimes

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Snaitech News

Flutter

Acquisition will give Paddy Power owner a larger footprint in Italian market

Peter Jackson, chief executive of Flutter Entertainment which has agreed to buy Italian company Snaitech in a deal worth about €2.3 billion. Photograph Nick Bradshaw

Snaitech is one of Italy’s leading business to consumer operators, and is currently a subsidiary of Playtech. The acquisition of the company, which is expected to close by the second quarter of 2025, is in line with Flutter’s international market investment strategy. The deal will give Flutter an online share or about 30 per cent, with operating cost synergies of €70 million or more.Vetting to identify staff submitting ‘bogus’ claims against employers, inheritance tax, and tips on setting out your affairs for loved ones

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