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Playtech’s Ava Trade acquisition opposed by leading Irish bank

5th October 2015 7:52 am GMT
Playtech

Playtech’s purchase of CFD provider Ava Trade has run into difficulties after the Central Bank of Ireland's (CBI) announced its opposition to the acquisition.

With its proposed acquisition of Plus500 unlikely to be completed until November as it looks to secure regulatory approval for the deal, the solutions giant said that it had received a letter from the CBI late on Friday that the bank was against the proposed $105m acquisition of Ava Trade.

The letter has not [...]

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