Thrills & Chills: Harry Kane! Still Coming Home

Research evidence excerpt

Thrills & Chills: Harry Kane! Still Coming Home

Deutsche Bank

Research

Europe Industry Date

High Yield Corporates Thrills & Chills 3 July 2026

Harry Kane! Still Coming Home

Ricardo Chinchilla

Extel Investor Survey. The Extel Global Fixed Income Survey kicks off next Research Analyst

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casting your 5-star-votes for me in the category of Developed Europe:

Investment-Grade & High-Yield - Retailing/Consumer Products (HY). The bank

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Entain to divest a 20% stake in Entain CEE. On June 25, 2026, Entain announced

an agreement to divest a 20% stake in Entain CEE to its joint venture partner,

EMMA Capital, for an aggregate cash consideration of €425 million (~£366

million). The consideration comprises €395 million (~£341 million) payable upon

closing, alongside a deferred payment due in early 2027. The transaction implies

an enterprise value (EV) for Entain CEE of €2.1 billion (~£1.90 billion),

representing an EV/EBITDA multiple of ~10x. Management anticipates

completion in Q4’26, with net proceeds earmarked for debt reduction—a move

projected to generate ~£20 million in annualized interest savings.

Entain continues to evaluate strategic alternatives to monetize its remaining

minority interest.