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IG to focus on financial business as Extrabet dissolved

9th June 2011 8:28 am GMT

With the company expecting to record a 7 per cent increase in trading revenues to £320m for the year ended May 31st 2011, IG Group Holdings plc said Thursday that it has been unable to secure the sale of its underperforming Extrabet business and will therefore wind down the online sports betting business, with its client list being sold to spread betting firm Spreadex.

During the year, IG decided that the group should investigate selling or [...]

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