Flutter Entertainment

Australian competition approval obtained

  • Sectors : Gaming
  • Companies : Flutter Entertainment

Ratings and price correct at time of issue.

  • Flutter Entertainment

    Closing Price: 8526p

  • RATING 08/05/19

  • PREVIOUS RATING 29/08/17

    NEUTRAL

DAVY VIEW

The receipt of competition approval in Australia is an important milestone with respect to Flutter Entertainment’s (Flutter) acquisition of The Stars Group (TSG). Alongside the UK, Australia was identified as a jurisdiction where the business combination was expected to be most heavily scrutinised. Accordingly, its successful conclusion is positive, with a potential obstacle to the completion of the acquisition now successfully navigated.

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Feb 18 2020, 07:15 GMT

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