UK's IG Group to buy DailyFX from FXCM Inc for $40 mln

Global Brokerage

30/09/2016 07:45

Sept 30 (Reuters) - Online trading company IG Group Holdings 
Plc  IGG.L  said it had agreed to buy news and research portal 
DailyFX and its associated assets from U.S. retail broker FXCM 
Inc  FXCM.N  for $40 million.  
    IG Group said the deal, which is expected to close by the 
end of October, would add about 5 million pounds ($6 million) to 
ongoing operating costs annually and add to earnings from IG's 
2018 financial year.  urn:newsml:reuters.com:*:nRSd2715La  urn:newsml:reuters.com:*:nGNXNHGCLa 
($1 = 0.7715 pounds) 
 
 (Reporting by Noor Zainab Hussain in Bengaluru; Editing by 
Sunil Nair) 
 ((noor.hussain@thomsonreuters.com; Within UK +44 20 7542 1810; 
Outside UK +91 80 6749 2764; Reuters Messaging: 
noor.hussain.thomsonreuters.com@reuters.net)) 
 
Keywords: DAILYFX M&A/IG GRP HLDGS