US gaming and lottery supplier Scientific Games Corporation has sold its entire shareholding in UK-listed Sportech for £27.8m.
Scientific Games held 39,742,179 shares in Sportech, representing approximately 19.99 per cent of the company’s total shares.
The company held the shares since January 2010 following Sportech's acquisition of its pari-mutuel wagering subsidiary Scientific Games Racing (SGR).
Sportech paid an initial consideration at the time which was satisfied by the issue of 39,742,179 shares at 50 pence per share (equivalent [...]
