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Flutter buys Italy’s Sisal for €1.9 billion

Francesco Durante, Sisal’s chief executive Paddy Power owner Flutter Entertainment has announced a deal to buy Italy’s Sisal from CVC Capital Partners Fund for €1.913 billion as it looks to expand its footprint in Europe. About 90% of Sisal’s earnings this year will be generated in Italy with the rest coming from regulated lottery operations in Turkey and Morocco. The ...

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