Playtech Provides Update on Snaitech Sale
Why we think this is neutral
The RNS announcement provides an update on the sale of Playtech's Snaitech subsidiary, which does not fall into any of the mandatory news categories requiring more detailed analysis. The announcement appears to be a routine update on the completion of the transaction.
Key Points
- All regulatory approvals received for the sale of Snaitech to Flutter Entertainment
- Completion of the sale expected by the end of April 2025
- Playtech to return €5.73 per share to shareholders via special dividend after completion
Summary
The technology company provides an update on the sale of its Snaitech subsidiary, with completion expected by the end of April 2025.
Playtech plc (LSE: PTEC) has announced that all relevant regulatory approvals have been received for the sale of its Snaitech S.p.A. subsidiary to a subsidiary of Flutter Entertainment plc. The completion of the sale is expected to take place by the end of April 2025. Following completion, Playtech intends to return €5.73 per share to shareholders by way of a special dividend.
Key Dates
End of April 2025
Completion of Snaitech sale
Mid-June 2025
Payment of special dividend to shareholders
GENERAL UPDATE