The news comes shortly after iGaming Business reported that Sagi was to sell £212 million (€254.7 million /$352.6 million) worth of shares in Playtech, a sale that would amount to 10% of his stake in the company.
According to the Financial Times newspaper, Sagi is a 90% shareholder in SafeCharge, while founder and chief executive David Avgi owns the remaining 10%.
The payment provider hopes to raise $100 million in new equity for acquisitions and to support the launch of a digital wallet, which the firm claims will allow customers to make transactions in online gambling, goods and services, and foreign exchange.
The AIM listing will launch on Wednesday and create a free float of approximately 30%, thus diluting Sagi’s stake to about 63%.
Following the flotation, SafeCharge’s market capitalisation would be between £210-230 million.
source : www.igamingbusiness.com
