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...

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