{"id":257,"date":"2024-06-27T06:16:52","date_gmt":"2024-06-27T03:16:52","guid":{"rendered":"https:\/\/cryptoleocasinonodepositbonus.icu\/2024\/06\/27\/playtech-in-talks-to-sell-financial-trading-division-finalto-for-200-million\/"},"modified":"2024-06-27T06:16:52","modified_gmt":"2024-06-27T03:16:52","slug":"playtech-in-talks-to-sell-financial-trading-division-finalto-for-200-million","status":"publish","type":"post","link":"https:\/\/cryptoleocasinonodepositbonus.icu\/2024\/06\/27\/playtech-in-talks-to-sell-financial-trading-division-finalto-for-200-million\/","title":{"rendered":"Playtech in Talks to Sell Financial Trading Division Finalto for $200 Million"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/3DJq6dhnNp8\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Playtech is in exclusive discussions with a group of renowned Israeli investment companies about a possible sale of its financial trading division, Finalto.<\/p>\n<p>The group has offered a bid of up to $200 million (\u00a3146.1 million\/\u20ac164.6 million) in cash for Finalto, previously known as TradeTech Group. After the completion of any agreement, $170 million will be paid.<\/p>\n<p>Upon finalization of the deal, an extra $110 million in funds necessary for running the business will be transferred to the new owners.<\/p>\n<p>The group is supported by several notable Israeli investors. These include private equity firm, the Barington Group; commercial and investment banking firm, Leumi Partners; and insurance giants, Phoenix Holdings and Menora Mivtachim Insurance.<\/p>\n<p>Finalto provides B2B and B2C trading solutions, including contracts for difference (CFDs) and forex trading portal, Markets.com.<\/p>\n<p>The future of the division has been a subject of discussion since November 2019 when Playtech declared it would examine all possibilities, including selling the division.<\/p>\n<p>The company then revealed in August of last year that it was in talks with several companies regarding a potential sale. <\/p>\n<p>Playtech declared that Finalto&#8217;s performance experienced a significant boost in the initial six months of the year. They attributed this uptick to the volatile market conditions and increased trading activity spurred by the global health crisis.<\/p>\n<p>However, Finalto&#8217;s fortunes took a turn for the worse in the latter half of the year following a period of market stabilization.<\/p>\n<p>Playtech stated that they remain uncertain about the ultimate outcome of the potential sale of Finalto, despite ongoing discussions with prospective buyers.<\/p>\n<p>Playtech is actively pursuing a strategy of streamlining its operations and divesting non-core assets.  They previously offloaded their entire portfolio of casual and social games, including YoYo Games, to a Norwegian firm, Opera, for a sum of $10 million in January. This transaction has been finalized. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Playtech is in exclusive discussions with a group of renowned Israeli investment companies about a possible sale of its financial trading division, Finalto. The group has offered a bid of up to $200 million (\u00a3146.1 million\/\u20ac164.6 million) in cash for Finalto, previously known as TradeTech Group. After the completion of any agreement, $170 million will [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Playtech<\/title>\n<meta name=\"description\" content=\"Playtech is in talks to sell its Finalto trading division to Israeli investors for up to $200 million. 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