Ava Trade terminate Playtech purchase agreement

News on 24 Nov 2015

Ava Trade Ltd. shareholders have terminated the share purchase agreement with Playtech.

Playtech’s advisory warned of the possibility following the Plus500 acquisition termination earlier today.

Playtech will forfeit a $5 million non-refundable deposit already paid on the signing of the acquisition agreement, but says it still intends continuing with its appeal against Central Bank of Ireland’s opposition to its purchase of the company.

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