Playtech Plc (PTEC.L), a gambling software development company, said on Wednesday that it has received all necessary regulatory approvals with respect to the all-cash sale of its financial trading division Finalto to Gopher Investments.
The company said transaction, which is expected to be completed on June 30, is a significant step in its stated strategy to simplify the group and to focus on its technology led offering as a pureplay business in the high growth B2B and B2C gambling markets.
Playtech had announced last year that it had agreed an all-cash sale of Finalto to Gopher for $250 million with certain conditions.
The shareholders had approved the deal during the General Meeting held on December 1, 2021.
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