Capital Group builds up €1.1bn stake in Flutter

The Los Angeles-based investment firm has pushed its stake in Irish-headquartered gambling company from 4.7 per cent to 15.1 per cent over last six months at cost of €650 million

Barry J Whyte

Chief Feature Writer @whytebarry
8th March, 2020
Capital Group builds up €1.1bn stake in Flutter
Stock exchange filings show that Capital Group has pushed its stake in Flutter from 4.7 per cent to 15.1 per cent, costing it roughly €650 million

Capital Group, the Los Angeles-based investment firm, has built up a €1.1 billion stake in Flutter, stock exchange filings show.

Over the last six months, the group has pushed its stake from 4.7 per cent to 15.1 per cent, which has cost it roughly €650 million. The total stake it has now accumulated is worth comfortably more than a billion euro at the company’s current share price of €95.30.

Capital’s stakebuilding comes as a raft...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Interview with Pat Lucey of Aspira: ‘People who are curious about a job will learn a whole lot more than those who just want to get the job done’

A fairer and more resilient pension system benefits us all