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Playtech confirms $105m deal to acquire CFD broker Ava Trade

1st July 2015 1:30 pm GMT
Playtech

Playtech has moved to further strengthen its financial trading business with the proposed US$105m acquisition of Ava Trade, the customer-facing contract for difference (CFD) broker over which TradeFX had secured an option to purchase prior to its own acquisition by Playtech in April.

Through its subsidiary TradeFX, Playtech has entered into a share acquisition agreement to acquire the entire issued share capital of Dublin-based Ava Trade. 

“The acquisition of the Ava Group is another important milestone in Playtech's strategy [...]

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