Playtech Plc placed 29,050,000 ordinary shares, or a 9.9% stake in the company, to raise £250 million and fund the acquisition of online trading services provider Plus500 Ltd.
The shares placed at 780p per Placing Share raising gross proceeds of approximately £227 million (before expenses).
Earlier this month, the software developer said that it would purchase the FX broker for the amount of £460 million.
Playtech founder Teddy Sagi, who is holding a 33.6% stake in …read more
Source:: Playtech to raise £250million for Plus500 acquisition
Playtech to raise £250million for Plus500 acquisition
No comments:
Post a Comment