Entain CEE Receives Antitrust Approval for STS Acquisition
Entain plc, a prominent global sports-betting, gaming, and interactive entertainment group, is delighted to announce that Entain Holdings (CEE) Ltd. (“Entain CEE”) has obtained antitrust approval from the President of the Office of Competition and Consumer Protection for its acquisition of STS Holding S.A. (“STS”), the leading sports-betting operator in Poland. This approval fulfills the antitrust condition mentioned in Entain’s acquisition announcement on 13 June 2023.
The completion of the Offer is contingent upon receiving acceptances representing a minimum of 50% of STS shares. As previously disclosed, the Juroszek Foundations have committed to tender their approximate 70% shareholding into the Offer, ensuring that the acceptance threshold will be met. The acceptance period for the Offer is set to begin on 14 July 2023 and is expected to conclude in mid-August, with the transaction’s finalization shortly thereafter.
This acquisition marks an important strategic move for Entain as it expands its presence in the Polish iGaming market, leveraging the strong market position and expertise of STS. Entain remains committed to delivering innovative and engaging gaming experiences to customers, and this acquisition aligns with the company’s growth strategy in Central and Eastern Europe.