Flutter Entertainment Acquires 56% Stake In Brazil's NSX Group For $350M
Portfolio Pulse from Benzinga Newsdesk
Flutter Entertainment has acquired a 56% stake in Brazil's NSX Group for $350 million. The deal includes cash payment and the contribution of Flutter's Betfair Brazil business. Flutter has options to increase its stake in the future.
September 13, 2024 | 7:39 am
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Flutter Entertainment has acquired a 56% stake in NSX Group for $350 million, integrating its Betfair Brazil business. The deal includes options for Flutter to increase its stake in the future.
The acquisition of a majority stake in NSX Group and integration of Betfair Brazil is a significant strategic move for Flutter Entertainment, potentially expanding its market presence in Brazil. The options to increase its stake further enhance its long-term growth prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100