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Former CEO David Baazov reduces stake in Amaya to 3.8%

31st March 2017 12:14 pm GMT

Amaya founder and former chief executive David Baazov has further reduced his stake in the business after selling 12m shares for CAD$267.7m.

The shares were equivalent to an 8.2 per cent stake in Amaya, and were sold by Baazov at an average price of $22.31 per share, for an aggregate total of $267.7m.

It adds to the $133m he received earlier this month following the sale of 7m Amaya shares, which came just days after measures were [...]

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