A week or so after it was announced Teddy Sagi would be offloading a 15.4 per cent stake in Playtech worth £326m, it is understood Sagi intends to float payment provider SafeCharge – a company in which he holds a 90 per cent stake.
The remaining 10 per cent is held by SafeCharge CEO David Avgi, who founded the company in 2006. SafeCharge hopes to raise around £60m for acquisitions and for the launch of a digital wallet, reports ft.com.
The AIM listing launches today, after which the SafeCharge’s market capitalisation is estimated to be around £220m.
