Playtech receives an approval for Finalto’s final sale

Playtech receives an approval for Finalto’s final sale

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Playtech receives an approval for Finalto’s final sale

After announcing that Finalto is on sale and Gopher Investments is purchasing it, Playtech has obtained all the needed regulatory approvals.

Back in December the shareholders agreed to the sale during a general meeting, and earlier, the crucial condition of the doomed purchase of Aristocrat for 2.7 billion pounds was fulfilled. 

The contract with the Gopher will probably be completed at the end of this month.

The contract is called a “significant step” by the group, as they confirm the strategy of simplifying its activities and concentrating on its technological offer in the B2B and B2C business. 

Last year investors holding a 4.97% stake in Playtech published an indicative, special offer to buy Finalto after the gambling technology company concluded a 210 million dollars contract with a consortium supported by Leumi Partners, Menora Mivtachim Insurance and Barinboim Group.

After Gopher’s call, Playtech pushed the general meeting back, as it wanted to get more info about the offer. 

Nonetheless, besides the board being supportive of the consortium bid, the shareholders voted against it, with 68.3% in opposition to the suggested 31.7%.

Later on the company and the consortium made the decisions to cancel the agreement.

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