Entain targets Baltic expansion with £250m Enlabs bid

FTSE 100 operator increases full-year 2020 EBITDA estimate after executing bolt-on M&A strategy

Entain has submitted a SEK2.80bn (£250m) all-cash offer to acquire Latvia-headquartered online gambling operator Enlabs as it seeks to build up a presence in the Baltic markets. The offer values Enlabs shares at SEK40, a premium of approximately 15.6% of its volume-weighted average price during the last 90 days of company trading. Enlabs’ board of…

Enlabs | Entain | Latvia | M&A | Online gambling | Regulated markets | Sports betting