Following communication with the Central Bank of Ireland, which has opposed the proposed acquisition of FX broker AvaTrade by Playtech, the company will be formally contesting the regulatory objections.
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Central Bank of Ireland opposes acquisition of AvaTrade by Playtech
Playtech is now seeking clarification on the reasons for the objection and is about to discuss the issue with the CBI.
Read MorePlaytech shareholders approve acquisition of AvaTrade
With 99.99% of the votes cast in favor of the deal, Playtech shareholders approved the proposed $105 million acquisition of retail Forex broker AvaTrade.
Read MorePlaytech continues FX acquisition spree, buying AvaTrade for $105 million
… and Playtech doesn’t seem done. They also agreed a €200 million unsecured revolving credit facility with Barclays and RBS, to target more acquisitions
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