Flutter Entertainment has completed the acquisition of an initial 56 per cent stake in NSX Group, a leading Brazilian operator of the Betnacional brand, for approximately US$350m.
Peter Jackson, CEO, commented: "I am delighted to welcome NSX - the operator of leading Brazilian sports betting and igaming brand Betnacional - to the Flutter portfolio.
"The transaction demonstrates Flutter's powerful optionality as an 'and' business and aligns perfectly with our strategy for value creating M&A.
"The combination of NSX's extensive local expertise, alongside our existing Brazilian business and the advantages of the Flutter Edge, creates a compelling opportunity to capitalise on the exciting runway of future growth in Brazil."
