Playtech takes €221M impairment charge for Finalto as sale looms
Finalto’s revenues of €87.3 million in H1 2020 declined by over 60% to €34.6 million in H2 2020.
Finalto’s revenues of €87.3 million in H1 2020 declined by over 60% to €34.6 million in H2 2020.
The acquiring group is made up of Israeli entrepreneur Zvika Barenboim, Bank Leumi, and insurance concerns Menora and Phoenix.
Playtech continues to be in discussions regarding the possible sale of its financials division, Finalto, including the Markets.com brand.
Markets.com has also moved its South Africa operation and headquarters from the coastal city of Durban, to Johannesburg.
What happened to Deltastock’s UK operation Delta Financial Markets Limited, and its FCA license? Results from TradeTech, Markets.com, and IG.
TradeTech had what an “outstanding period” both before and during the months of the pandemic, with revenues increasing by 123%.
Why is Spain all up in arms about UK and Cyprus FX/CFD brokers, to the point where many might be banned? Why is Playtech selling Markets.com?
Playtech has apparently engaged investment bank UBS to help coordinate an auction of TradeTech, at a $200-250 million valuation.
Playtech reported that in July EBITDA returned to “normalised levels”, thanks to continued good performance at its Financials division TradeTech.
FNG Exclusive… The changes at the top of the Financials division of Playtech (better known as TradeTech Group) continue. Two […]