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Co-founders of 888 reduce stake in business to less than 3%

12th May 2016 9:45 am GMT
888 Holdings

The family trust of 888 co-founders the Ben Yhitzak brothers has sold the majority of its stake in the business, in a move that may impact the operator's future strategy

The shareholding of the Ben Yhitzak Family Shares Trust has been significantly reduced after it sold off approximately 27.8m of its 37.1m shares at a reported price of 205 pence per share.

This reduces the family’s stake in the online gaming operator from 10.4 per cent to 2.59 [...]

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