London Capital Group waves farewell to ProSpreads
By John Harrington November 01 2013, 8:01am London Capital Group waves farewell to ProSpreads
London Capital (LON:LCG) said the sale of its spread betting subsidiary ProSpreads has now gone through.
The sale of the Gibraltar-based subsidiary to to Apostar Holdings Limited was announced on 13 September 2013.
The disposal will allow London Capital Group (LCG) to focus on its core businesses and consolidate its financial resources.
"As previously announced, we took the decision to realign our business in order to invest in a focused way on our growth areas and today's announcement is part of our delivery on this strategy," said Kevin Ashby, LCG's chief executive officer.