(RTTNews) - Flutter Entertainment PLC (FLUT, FLTR.L) announced the acquisition of an initial 56% stake in NSX Group for cash consideration of approximately $350 million. NSX is the number 4 operator in Brazil, with a portfolio of brands which include the Betnacional brand. On a standalone basis, NSX is expected to generate revenue of approximately $256 million and adjusted EBITDA of approximately $34 million in 2024.
Flutter said the transaction fully aligns with its strategy to invest in leadership positions in international markets.
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