FIRB approval

RNS Number : 0488B

Paddy Power plc

10 February 2011

 



Paddy Power plc

10 February 2011

Recommended Acquisition of outstanding minority shareholdings in Sportsbet

- Approval of the Australian Foreign Investment Review Board

Further to the publication of a Circular on 4 February 2011 in relation to the purchase by Paddy Power plc ("Paddy Power") of the remaining 39.2% minority shareholdings in Sportsbet Pty Limited (the "Acquisition"), Paddy Power hereby confirms that the approval of the Treasurer of the Commonwealth of Australia, connected with the Australian Foreign Investment Review Board, was obtained on 10 February 2011.  The only remaining condition for the Acquisition is therefore the approval of Paddy Power's shareholders.

ENDS

For reference:

David Johnston

Company Secretary

Tel: [phone]

 

END

 

 

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