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Playtech to formally challenge Irish bank’s opposition to Ava Trade deal

6th October 2015 7:24 am GMT
Playtech

Gaming solutions giant Playtech said Tuesday that it intends to formally challenge the Central Bank of Ireland’s decision to oppose its $105m acquisition of CFD provider Ava Trade.

The company had confirmed yesterday that it received a letter from the Irish bank stating its opposition to the proposed takeover, although Playtech did not reveal the reason for the opposition.

The announcement sent Playtech’s share down by as much as 29.01p at one stage [...]

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