Online gaming and financial services company Playtech plc (LON:PTEC) has issued a Circular and Notice of General Meeting, indicating that it has set a shareholder vote on Wednesday, December 1 to approve the planned $250 million sale of its Finalto division to Gopher Investments.

Playtech said in the Circular that its Board considers the transaction to be in the best interests of Playtech and its shareholders as a whole. Accordingly, the Board unanimously recommends that shareholders vote in favour of the resolution to be proposed at the General Meeting.

FNG readers will recall that Playtech shareholders resoundingly rejected the sale of Finalto – Playtech’s financial services division comprising the Finalto-branded institutional services and Retail FX/CFDs broker Markets.com – earlier this year for $210 million. However, that was likely because shareholders expected a better offer for Finalto to emerge, which did eventually happen. Also, with Playtech itself now “in play” and in process of being acquired, it is likely that shareholder approval will indeed happen as planned.

Gopher, meanwhile, in involved in due diligence and considering making an offer for the entirety of Playtech.