Takeover of Dublin-based forex and CFD broker may be halted
The Central Bank of Ireland is opposing the $105 million takeover of AvaTrade, which is based in Dublin.
Gaming company Playtech has been snapping up forex brokers and is in a separate £460m deal to buy Plus500.
It's unclear why Ireland's central bank opposed the deal. The announcement was in a letter to Playtech and the contents weren't revealed by the company. In its response, Playtech said it needed further discussion with the central bank and said it believes it can address the concerns.
AvaTrade had 13,400 "average active customers" in May when the deal was announced.
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