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Sportech agrees £83m Football Pools sale to private equity investors

2nd March 2017 8:27 am GMT

London-listed operator Sportech has struck a conditional agreement to sell its Football Pools business to FP Acquisitions Limited, a newly-incorporated company controlled by funds advised by European private equity investors OpCapita LLP.

FP Acquisitions will pay a total cash consideration of £83m to acquire the Pools on a debt-free, cash-free business.

Sportech has agreed the sale months after a previous agreement to sell the Pools to another investment body, Burlywood Capital, for a £97.3m fee collapsed. Another [...]

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