Playtech in talks over TradeTech sale
Playtech
461.40p
16:45 28/03/24
-2.00%
-9.40p
Gambling software company Playtech has confirmed that it is in talks with a number of parties about the possible sale of its financials division, TradeTech.
FTSE 250
19,884.73
17:14 28/03/24
n/a
n/a
FTSE 350
4,383.21
17:14 28/03/24
n/a
n/a
FTSE All-Share
4,338.05
16:50 28/03/24
n/a
n/a
Travel & Leisure
7,949.88
17:14 28/03/24
0.57%
44.97
Responding to press speculation, Playtech said late on Thursday that discussions are at an early stage and there can be no certainty a deal will be forthcoming or whether acceptable terms will be agreed.
"TradeTech continues to make a valuable contribution to the group and, as the company announced on 5 August, TradeTech had an exceptional performance in H1 2020 as it benefitted from the increase in market volatility and trading volumes," it said.
A further announcement will be made if and when appropriate.