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Playtech to acquire CFD provider Plus500 for £459.6m

1st June 2015 6:51 am GMT
Playtech

Playtech has agreed to acquire London-listed spread betting and CFD provider Plus500 for approximately £459.6m in a deal which will see the company significantly enlarge its financial trading business.

Playtech will acquire the entire issued ordinary share capital of Israel-based Plus500 for 400.00 pence per share through its subsidiary Brighttech Investments. The deal represents an 8 per cent premium on Plus500’s closing share price of 370.00 pence on Friday, although the company’s shares were trading as high [...]

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