Playtech has agreed to acquire London-listed spread betting and CFD provider Plus500 for approximately £459.6m in a deal which will see the company significantly enlarge its financial trading business.

Playtech will acquire the entire issued ordinary share capital of Israel-based Plus500 for 400.00 pence per share through its subsidiary Brighttech Investments.

The deal builds on Playtech’s recent acquisition of a 91 per cent stake in TradeFX, the online CFDs and binary options broker and trading platform provider earlier this year.

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