Business
Tabcorp banks Jumbo Interactive windfall, UBS hired – The Australian Financial Review
Wagering company Tabcorp has sold its 11.6 per cent stake in ASX-listed online lotteries business Jumbo Interactive Ltd.
Wagering company Tabcorp sold its 11.6 per cent stake in ASX-listed online lotteries business Jumbo Interactive Ltd on Monday night.
Tabcorp’s ready to bank a healthy profit at Jumbo Interactive. Supplied
The company had stockbroker UBS seeking new owners for the shares, in a block trade worth $98 million.
UBS launched the deal after market and told funds soon after that it was “covered”, which meant both the broker and its client Tabcorp were off risk.
The stock was offered to funds at $1…
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