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In a move aimed at reducing debt, Entain (owner of Ladbrokes) agreed to sell a 20% stake in its Central and Eastern Europe business to partner EMMA Capital for approximately €425 million ($481.82 million). The sale marks the first step in a phased exit from the CEE market, according to reports from Reuters.
The divestiture comes as gambling companies focus on strengthening balance sheets amid tighter regulation and higher borrowing costs. Entain had previously built up stakes in CEE markets for growth, but now seeks to unwind non-core investments to boost liquidity and cut leverage.
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Sign InEntain has not yet provided a timeline for subsequent exit phases, but investors will watch for the impact on overall debt levels in the next quarterly results. The stock may see a re-rating if the sale meaningfully improves the company's financial structure.