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Playtech falls as Central Bank of Ireland opposes takeover

byCustoms Today Report
06/10/2015
in Uncategorized
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DUBLIN: In a rising market, a notable faller is Playtech after the gaming technology group said the Central Bank of Ireland was opposing its planned takeover of Ava Trade.

The company said it would be seeking clarification from the CBI about the $105m takeover, but its shares have fallen 18p to 810p on concerns this could also affect its £460m deal to buy trading business Plus500 – which is still awaiting approval from regulators – and hamper its move into the financial sector.

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Playtech said it was working towards securing the outstanding UK approval for the Plus500 deal, having received approval from the Cyprus Securities Exchange Commission.

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