Playtech shareholders approve acquisition of AvaTrade

The results of the Extraordinary General Meeting of shareholders of gaming technology company Playtech PLC (LON:PTEC) are out. The meeting was organized over a vote on the proposed $105 million acquisition of retail Forex broker AvaTrade.

An overwhelming majority of the votes – 99.99%, were cast in favor of the deal, which will see Playtech enhance further its online trading business. The company had already gotten a nod of approval over another important deal concerning online trading – the acquisition of Plus500 Ltd (LON:PLUS).

Completion of AvaTrade’s acquisition remains subject to certain conditions but is expected to be finalized no later than September 30, 2015.


To view the official filing with the London Stock Exchange, click here.

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