Flutter Entertainment PLC Completion of Sisal Acquisition (0137V)
05 August 2022 - 4:00PM
UK Regulatory
TIDMFLTR
RNS Number : 0137V
Flutter Entertainment PLC
05 August 2022
5 August 2022
Flutter Entertainment plc ("Flutter")
Completion of Sisal acquisition
Flutter is pleased to announce that it has received all
necessary regulatory confirmations with respect to the acquisition
of Sisal and the transaction completed on 4 August 2022.
As outlined in our transaction announcement ( here ), the
acquisition of Italy's leading online gaming operator, in an
attractive and fast-growing online market, is aligned to the
Group's strategy of investing to build leadership positions in
regulated markets.
Sisal has performed strongly since the transaction was announced
with year-on-year growth of 58% in revenue to GBP402m and 51% in
EBITDA to GBP120m during H1 2022(1) . The prior year was impacted
by Covid-related retail restrictions.
The transaction has been completed using debt facilities agreed
at transaction announcement on 23 December 2021, bringing Flutter's
expected weighted average cost of debt to approximately 3.4% for H2
2022.
(1) growth rates on a constant currency basis
Contacts:
Investor Relations:
Paul Tymms, Director of IR and FP&A + 44 75 5715 5768
Ciara O'Mullane, Investor Relations + 353 87 947 7862
Liam Kealy, Investor Relations + 353 87 665 2014
Press:
Kate Delahunty, Director Corporate
Communications + 44 78 1077 0165
Lindsay Dunford, Corporate Communications + 44 79 3197 2959
Rob Allen, Corporate Communications + 44 75 5444 1363
Billy Murphy, Drury Communications + 353 1 260 5000
James Murgatroyd, Finsbury + 44 20 7251 3801
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