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Investment firm GLIO to take majority stake in London Capital Group

21st June 2016 8:13 am GMT

London-listed spread betting and CFD provider London Capital Group (LCG) has proposed a capital reorganisation plan which will see investment company GLIO Holdings, which is chaired by CEO Charles-Henri Sabet, increase its stake in the business to more than 80 per cent.

GLIO, which currently owns 11.4 per cent stake in the business, first invested in LCG in 2014, with Sabet became executive chairman then CEO of LCG.

With a new management team in place, the company [...]

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