CFH Group acquired by Playtech Plc

CFH Group has been acquired by Playtech for up to 120m USD over three years.

First Published by e-Forex News: December, 2016

CFH Group has been acquired by Playtech for up to 120m USD over three years. The acquisition marks a significant opportunity for CFH to become the number one B2B provider in the retail FX industry, backed by the resources and expertise of a FTSE 250 company with 5 Billion USD market capital. For Playtech, the world’s largest online gaming and sports betting software supplier, the deal forms a key part of its strategy to build a market leading B2B offering within its Financials division. Playtech has received change of controller approval from the FCA for the acquisition of CFH. To find out more, turn to page 175.