Breaking: Teddy Sagi to Offload 10% of Playtech Shares

[kreslik.news]

The biggest shareholder and founder of Playtech, Teddy Sagi is selling a big block of his holdings in the company, the firm announced in a filing with the London Stock Exchange. The company made rounds just before the Finance Magnates London Summit as it announced the acquisition of one of the biggest institutional players in the foreign exchange trading industry, CFH Clearing.

The company that Teddy Sagi wholly owns, Brickington Trading Limited, is proposing a sale of 32.3 million ordinary shares of Playtech. The offload is to be brokered by UBS, Canaccord Genuity and Credit Suisse via an accelerated ... (read more)