StockMarketWire.com - Online gambling software group Playtech said it had sold its entire 10% holding in online broker Plus500 for around £176m.

The company sold the shares at £15.50 each.

Playtech said sale proceeds would be used for general corporate purposes and to cut debt.

The sale would not impact Playtech's entitlement to the interim dividend announced by Plus500 on 13 August, equivalent to approximately $16m.




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