Teddy Sagi Successfully Offloads $430m Worth of Playtech Shares

[kreslik.news]

Yesterday Playtech announced that the company that is representing the interests of Israeli billionaire Teddy Sagi intends to sell 32 million shares of its interest in the gaming and trading giant. This morning the news is confirmed with the stake being offloaded successfully with an increase in the size of the block offering amounting to 4.5 million shares.

The deal, was closed at 924 pence per share, which is lower by about 7 percent when compared to yesterday’s closing price. Teddy Sagi cashes in

$430 million (£337 million) and retains about 20.1 million shares, which ... (read more)