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Trusts associated with bwin.party co-founders divest remaining shares

12th June 2015 8:46 am GMT

Shares in bwin.party digital entertainment were trading down by more than 12 per cent in London early Friday after independent trustees of two of its largest shareholders placed up to 50m shares in the company.

Emerald Bay Ltd. and Stinson Ridge Ltd. are both trusts associated with PartyGaming co-founders Ruth Parasol DeLeon and Russell DeLeon.

bwin.party announced in October 2013 that the founding pair would be selling their then 7.16 per cent stake in bwin.party as part of [...]

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