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mybet’s C4U-Malta sale delayed as it awaits regulatory approval

1st July 2016 7:39 am GMT

Frankfurt-listed gaming operator mybet has been unable to close the sale of its C4U-Malta payments subsidiary due to delays in securing regulatory approval, and as a result has not received the expected proceeds from the buyer.

The operator had agreed to sell the subsidiary to an unnamed buyer active in the financial services sector for €3m in October last year.

However, as it has yet to receive approval from the Malta Financial Service Authority [...]

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