Flutter to buy Italian company Snaitech in €2.3bn

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

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Millennium Management shorting €200m-plus worth of shares in Irish companiesUS hedge fund sets its sights on Flutter and Bank of Ireland
Source: IrishTimes - 🏆 3. / 98 Read more »

Flutter Acquires Controlling Stake In Brazilian Betting Company For $350 MillionFlutter Entertainment, the parent company of Paddy Power Betfair, has acquired a controlling 56% stake in NSX Group, the operator of Brazil's Betnacional brand. This move positions Flutter for growth in the burgeoning Brazilian betting market, which is expected to fully regulate its online sports betting and iGaming sector early next year.
Source: IrishTimes - 🏆 3. / 98 Read more »