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Playtech divests Plus500 shareholding as founders reduce stake

7th September 2018 8:20 am GMT

London-listed gaming operator and solution provider Playtech has sold its stake in the financial trading platform Plus500, raising gross proceeds of approximately £176m.

Playtech announced the sale of its stake on Thursday as Plus500 confirmed that its founders had also sold shares equalling approximately 8 per cent of the company's issued share capital.

Playtech will receive £15.50 per share for its 11.4 million shares in Plus500, with the proceeds to be used [...]

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