 |
|
IG Group Holdings
| Market | Type | Industry | Raised | Date |
| AIM | Acquisition | General Retailers | £112.2 million | Sep 2008 |
CONTACTS
CEO: Tim Howkins 0207 896 0011ADVISERS
| UBS Investment Bank | |
|
Jos Trusted 020-7568 2991 |
1 Finsbury Avenue London EC2M 2PP |
| Financial Dynamics | |
|
Tim Spratt 020-7831 3113 |
Holborn Gate 26 Southampton Buildings London WC2A 1PB |
| Lexicon Partners | |
|
Charles Outhwaite 020-7743 6330 |
No. 1 Cornhill London EC3V 3ND |
COMMENT
IG Group Holdings has announced that it has entered into an agreement to acquire 87.5 per cent of the issued share capital of FXOnline Japan KK, a privately owned Japanese online retail FX trading company, for ¥21.9 billion (£112.2 million), together with an option to acquire the remaining 12.5 per cent commencing in January 2011. IG has raised £82.2 million in new shares in order to finance part of the consideration that is payable to the shareholders of FXOnline.