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Playtech completes acquisition of majority stake in Italy’s Snaitech

6th June 2018 9:07 am GMT
Playtech

London-listed gaming solutions provider Playtech has completed its acquisition of a majority stake in Italian betting and gaming operator Snaitech.

The company has acquired a 70.6 per cent stake in the business from Snaitech’s two largest private equity shareholders, as well as an additional 9 per cent stake through market purchases.

As a result, Playtech now holds almost 80 per cent of Snaitech's issued share capital in aggregate and will launch a mandatory takeover offer for the [...]

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