Playtech PLC Playtech completes the acquisition of CFH (5726Q)
November 30 2016 - 7:55AM
UK Regulatory
TIDMPTEC
RNS Number : 5726Q
Playtech PLC
30 November 2016
Playtech plc
("Playtech" or the "Playtech Group")
Playtech completes the acquisition of CFH
Playtech (LSE: PTEC) announces that is has completed the
acquisition of 70% of Consolidated Financial Holdings A/S, a
technology company with products including a leading Straight
Through Processing brokerage which provides retail brokers with
multi-asset execution, prime brokerage services, liquidity and
complementary risk management tools. Playtech expects to acquire
the remaining 30% in 2019 pursuant to put and call option
arrangements.
- Ends -
For further information, contact:
Playtech plc +44 (0)20 3772
Ron Hoffman, CFO of Playtech 2500
and CEO of Playtech's Financials
division
Neil Offord, CFO of Playtech's Financials
division
c/o Bell Pottinger
+44 (0)1624
Andrew Smith, Head of Investor Relations 645954
Bell Pottinger
David Rydell / Olly Scott / James +44 (0)20 3772
Newman / Laura Jacques 2500
About Playtech
Playtech is a market leader in the gambling and financial
trading industries. Founded in 1999 and listed on the Main Market
of the London Stock Exchange, Playtech has more than 5,000
employees in 13 countries.
Playtech is the gambling industry's leading software and
services supplier with more than 130 licensees globally, including
many of the world's leading regulated online, retail and mobile
operators, land-based casino groups, government sponsored entities
such as lotteries, and new entrants opening operations in
newly-regulated markets. Its business intelligence-driven gambling
software offering includes casino, live casino, bingo, poker and
sports betting.
It is the pioneer of Omni-channel gambling which, through
Playtech ONE, offers operators and their customers, a seamless,
anytime, anywhere experience across any product, any channel
(online, mobile, retail) and any device using a single account and
single wallet. It provides marketing expertise, sophisticated CRM
solutions and other services for operators seeking a full turnkey
solution.
Playtech's Financials division operates both on a B2C and B2B
basis. Its B2C focused offering is an established and growing
online CFDs broker, operating the brand markets.com. Its B2B
offering includes the division's proprietary trading platform, CRM
and back-office systems, as well as its liquidity technology
platform which provides retail brokers with multi-asset execution,
prime brokerage services, liquidity and complementary risk
management tools.
www.playtech.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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November 30, 2016 07:55 ET (12:55 GMT)
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