Playtech to sell ~20M shares of GVC Holdings

|About: GVC Holdings Plc (GMVHF)|By:, SA News Editor

Playtech Limited (OTC:PYTCF, OTCPK:PYTCY) plans to offer 19.6M shares of GVC Holdings (OTCPK:GMVHF) to institutional investors, according to Bloomberg.

The unloading of Playtech's position follows a 18% jump in GVC's share price over the last few weeks amid excitement over sports betting.

GVC Holdings closed down 1.15% in London trading.