Playtech has acquired trading platform Plus500 for £460m, just two months after it bought the TradeFX platform for £147m.
Gal Haber, Plus500 CEO, said: “We believe that now is the right time to combine the business with Playtech, which can provide additional infrastructure and expertise to add to our core skills in products, technology and marketing.”
The Playtech offer is 400p per share in cash and comes in spite of Plus500’s recent suspension from the London AIM after it was forced to freeze customer accounts due to insufficient anti-money laundering checks.
The deal is set to be completed by the end of September.
