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Playtech Completes $250M Finalto Sale to Gopher Investments

Playtech Completes $250M Finalto Sale to Gopher Investments

The proceeds will be used to repay the outstanding balance of Finalto’s revolving credit facility.

Finalto now has to pay an $8.8 million breakup fee to the Barinboim-led consortium.

Playtech (LON: PTEC) announced on Monday the completion of the all-cash sale of its financial division, Finalto (formerly TradeTech) to Hong Kong-based Gopher Investments.

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