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London Capital Group completes sale of ProSpreads

1st November 2013 8:27 am GMT

Spread betting operator London Capital Group (LCG) has completed the sale of its Gibraltar-based Direct Market Access financial spread betting business ProSpreads to Apostar Holdings in a deal worth £1.5m.

LCG chief executive Kevin Ashby said the company was “pleased” to have successfully completed the exit of the ProSpreads business “which was no longer core to our proposition.”

He explained that the operator had decided to sell the business in order to focus on its core businesses [...]

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