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UPDATED: Sagi’s Brickington to sell 10 per cent stake in Playtech

5th March 2014 12:22 pm GMT

Brickington Trading, the company belonging to Playtech founder Teddy Sagi, is to sell a 10 per cent stake in the online gaming technology and services provider.

The company is to sell approximately 29.3m ordinary shares at a price of 725 pence per share via an accelerated bookbuild through Canaccord Genuity, Shore Capital and UBS.

The placing shares represent approximately 10 per cent of Playtech’s issued share capital, worth around £212.4m. The divestment leaves Brickington with a 39 [...]

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