Breaking: Teddy Sagi Plans to Sell $400m Worth of Playtech Shares

[kreslik.news]

Israeli billionaire Teddy Sagi is continuing to divest his holdings away from online gaming and trading. The holding company which the Founder of Playtech is using to control his holdings, Brickington Trading, is placing on the market 32 million shares.

The block is going to be sold as a secondary market offering and is representing about 10.1 percent of the total holdings of Teddy Sagi. With the current holdings of the Israeli billionaire amounting to 17.8 percent, he will retain about 7.7 percent of the company’s float.


Playtech is trading near all time highs, just below £10 ($12.7) ... (read more)