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Dubai Firm Denies Backing Baazov in Amaya Bid, Report Says

  • KBC Aldini has filed a complaint with U.S. regulators: Globe
  • Baazov had named KBC as backer in offer to take Amaya private
Updated on

A Dubai investment firm denied it’s backing a $6.7 billion offer by Amaya Inc. founder David Baazov to take the gaming company private and said it has filed a complaint with U.S. securities regulators, according to a Canadian newspaper.

Amaya fell 6 percent to C$18.67 at the close in Toronto after The Globe and Mail reported that KBC Aldini Capital Ltd. said it had “no involvement” whatsoever in the proposed deal. The stock earlier fell as much as 9.5 percent.