Finance

Playtech shareholders reject a £152m takeover bid for its financial trading arm 

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Playtech shareholders reject a £152m takeover bid for its financial trading arm

By City & Finance Reporter for the Daily Mail

Published: | Updated:


Playtech shareholders have rejected a £152m private equity bid

Playtech shareholders have rejected a £152m private equity bid

Playtech shareholders have rejected a £152m private equity bid for its financial trading arm. FTSE 250-listed Playtech wanted to sell Finalto to Israeli group Barinboim. 

But at a general meeting yesterday, 68.3pc of votes cast went against the sale. The result is a win for second-biggest shareholder Gopher which wants to buy Finalto itself, and will now start talks to do so. 

The board said: ‘Playtech understands that by voting against the resolution to dispose of Finalto to Barinboim, shareholders enable Playtech to engage with Gopher and to potentially secure better terms for a sale.’ 

Playtech provides software for the world’s largest gambling firms.

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source: dailymail.co.uk