Playtech in talks over TradeTech sale
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Gambling software company Playtech has confirmed that it is in talks with a number of parties about the possible sale of its financials division, TradeTech.
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Responding to press speculation, Playtech said late on Thursday that discussions are at an early stage and there can be no certainty a deal will be forthcoming or whether acceptable terms will be agreed.
"TradeTech continues to make a valuable contribution to the group and, as the company announced on 5 August, TradeTech had an exceptional performance in H1 2020 as it benefitted from the increase in market volatility and trading volumes," it said.
A further announcement will be made if and when appropriate.