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888 co-founders said to have sold shares amid fears over company future

2016-05-31 11:39:40

888 co-founders, the Ben-Yitzhak family have sold a £59.6m stake in the FTSE-listed gambling operator.

The brothers Ron and Shay Ben-Yitzhak founded the company with Avi and Aharon Shaked, also brothers, in 1997, and have now reduced their share in the company to just below the 3% disclosure threshold.

The shares were placed on the market at a price of 205p a piece. Some sources suggest that the Ben-Yitzhak brothers have decided to reduce their share, as a result of a dispute over future plans for 888 Holdings Plc.