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Proactive Investors
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4 months ago
Ladbrokes owner Entain PLC (LSE:ENT) has taken the first step towards exiting its Central European business, agreeing to offload a 20% stake for £366 million in a deal that analysts said highlights the discount at which the gambling group trades. The FTSE 100 group, which currently owns 62.5% of Entain CEE, is selling the stake to joint venture partner EMMA Capital, reducing its holding to 47.5%.