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Playtech profits from sale of Sportech stake

20th June 2013 2:14 pm GMT

Technology and services provider Playtech has once again demonstrated its financial savvy after generating a profit of nearly £4m from the sale of half of its shares in Sportech plc.

Playtech invested approximately £10m in Sportech back in January 2010, acquiring 19,881,020 shares in the company at a price of 50.00 pence per share and securing a seat on Sportech's board for its chief executive Mor Weizer.

On Monday, Playtech sold 9,947,750 of its shares in Sportech, [...]

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