LONDON (Reuters) – Entain shares fell to the bottom of the London blue-chip index on Wednesday after the betting company announced deal to buy Poland-based sports betting operator STS holdings.
Entain shares fell 10% to their lowest since March 29, in their biggest daily decline in four months.
After the European market close on Tuesday, the sports-betting and gaming company said it will pay 24.8 Polish zlotys ($5.97) for each STS shares in a 750 million pounds ($946 million) deal, which will further its footprint in Europe.
STS shares surged to December 2021 high, last up 12.3%.
(Reporting by Joice Alves; Editing by Amanda Cooper)
