Playtech is raising money for its planned purchase of trading platform Plus500.
The online gaming giant placed 29 million shares at 780 pence per share with the intention of raising £227m to use toward the acquisition of Plus500, as well as a potential B2C broker that TradeFX has an option to buy.
Playtech also increased its stake in Plus500 from less than three per cent to 9.36 per cent with 10.756 million shares owned, having offered to buy the company for 400 pence per share at the beginning of the month.
Source: Fantini Gaming Report
