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Playtech suffers fresh setback with Ava Trade sale cancellation

24th November 2015 8:44 am GMT
Playtech

Shares in Playtech fell by almost 9 per cent Monday after the company confirmed that shareholders of Ava Trade have terminated the agreement relating to Playtech's acquisition of the company, as a result of the earlier collapse of the Plus500 acquisition.

Ava Trade’s shareholders terminated the share purchase agreement relating to the $105m acquisition of the business by Playtech, which it had secured via the £459.6m agreement to purchase Plus500 in April this year.

Playtech had issued a warning Monday that the Ava [...]

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