Playtech in talks to sell financial unit for $200 million By Reuters

(Reuters) – Playtech Plc (LON:PTEC) said on Monday it was in exclusive talks with a consortium about the possible sale of its financial trading arm, Finalto, for a cash offer of up to $200 million as the gambling software maker looks to simplify its business.

The British company, the world’s biggest supplier of technology for online gaming operators, said the consortium was by backed by Barinboim Group, Leumi Partners, The Phoenix Insurance Company and Menora Mivtachim Insurance.