Playtech to launch mandatory takeover offer for remaining shares in Snaitech S.p.A

In an industry advisory Playtech said it will launch a mandatory takeover offer for the remaining shares in Snaitech S.p.A. following the further acquisition of 9 percent of Snaitech’s issued share capital through market purchases since its recent acquisition of a 70.6 percent share in the firm (see previous reports).

Playtech expects the transaction to be completed by end of the year.