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Mergers & Acquisitions

Flutter Entertainment announces board changes after merger

Flutter Entertainment has undergone a handful of changes at board level after its acquisition of The Stars Group (TSG).

FlutterEntertainment

As of 5 May, Flutter’s entire enlarged issued share capital was admitted to the premium listing of the Official List of the Financial Conduct Authority and the Official List of Euronext Dublin.

The newly merged Flutter has also commenced trading on the London Stock Exchange’s Main Market for listed securities and the Euronext Dublin Market, under the ticker ‘FLTR’.

This follows last month’s regulatory and competition authority clearances, while 99.9% of TSG shareholders voted to support the special resolution, with 99.19% of Flutter shareholders also voting in favour.

The deal sees Emer Timmons and former Tipico CEO Jan Bolz both step down as non-executive directors.

TSG CEO Rafi Ashkenazi has been appointed non-executive director, alongside fellow TSG executives Alfred Hurley, David Lazzarato, Mary Turner and former CEO of Sky Betting & Gaming, Richard Flint.

Divyesh Gadhia, who was TSG executive chairman, will take up the position as Flutter’s deputy chair.

Last week, the operator revealed the combined business will initially have five reporting segments, including TSG International – excluding current US operators – Sky Betting and Gaming and Paddy Power Betfair (PPB).

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