According to the official announcement, net cash available to Playtech at completing the sale will increase by approximately $242 million. This amount is in addition to the €40 million excess cash which was extracted during the first half of 2021.
Teresa Teague, Partner at TT Bond Partners, commented:
Gopher has been impressed by the strength of Finalto’s business and management team and looks forward to working closely with the team to support the business in this exciting next stage of its evolution.
As a major shareholder in Playtech, Gopher is pleased to conclude a transaction delivering value for all shareholders and looks forward to working with the Playtech Board and continuing its constructive dialogue to support growth.
Last month, Playtech plc announced the appointment of Linda Marston-Weston to its Board as a Non-Executive Director, which will take effect on 1 October 2021.
