Paddy Power Betfair shares are now trading on the London Stock Exchange after the completion of the €8 billion merger between the two betting giants.

The shares of the newly-merged Paddy Power Betfair were admitted to the Dublin and London markets on Tuesday morning after the deal was completed on Monday night.

The listing of Betfair’s shares on the official list of the FCA were also cancelled.

The new entity, with combined revenues of more than £1.1 billion, closed its first day on the London Stock Exchange (LSE) with a share price of £104.90.