Entain plans to unlock shareholder value through a gradual exit from its Polish and Croatian businesses.
Entain has agreed to sell a 20% stake in its CEE business, marking the first step in a planned full exit.
On Thursday, Entain made the announcement that it had agreed to sell a 20% interest in Entain CEE to EMMA Capital, its joint venture partner.
The deal features a €395 million ($448.6 million) payment on the completion of the deal, plus an additional payment in early 2027 to reflect Entain CEE’s FY26 performance.
The total cash consideration is approximately €425 million, implying an enterprise value of €2.1 billion for Entain CEE. Entain will utilise the net proceeds to reduce its outstanding debt.
The deal to sell the 20% stake is expected to be completed in Q4 2026, subject to regulatory approvals.
Following the conclusion of the deal, Entain’s shareholding will drop from 67.5% to 47.5%, while EMMA Capital’s will increase from 22.5% to 47.5%. The remaining 10% will stay ..