Playtech founder cuts stake to below 5 percent

A London Stock Exchange regulatory filing reveals the sale of a further 5 million ordinary shares by Playtech founder Teddy Sagi for an estimated GBP 22 million.

The sale brings the Israeli billionaire’s stake down to less than 5 percent, almost a year and a half after he sold 32 million shares for GBP 430 million to fund real estate aspirations (see previous reports).

The placement was made by Brickington Trading, of which Sagi is the sole beneficiary.

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