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Family of 888 co-founder sells off entire stake in business

5th October 2017 7:40 am GMT
888 Holdings

Shares in London-listed online gaming operator 888 Holdings fell sharply Wednesday after the family of one of the co-founders sold off its shareholding in the company.

The trustee of the O Shaked Shares Trust, owned by the family of the late Aron Shaked, sold its entire holding of 46,283,534 ordinary shares at a price of 243 pence per share.

His brother Avi Shaked remains a significant shareholder, however, with a stake of around 24 per cent.

The O Shaked [...]

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