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Playtech agrees early settlement of PTTS consideration

17th April 2012 8:01 am GMT

Playtech has secured a €4.2m discount for bringing forward payment of the remaining initial consideration due on its acquisition of PT Turnkey Services Limited (PTTS).

The company has agreed to settle the outstanding initial consideration in one payment of €76m, representing a nominal discount of 5.2 per cent, using part of its available banking facilities.

Under the PTTS acquisition agreement of March 2011, Playtech had agreed to pay the initial consideration in non-interest bearing half-yearly instalments over [...]

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