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London Capital Group sold ProSpreads to Apostar Holdings

Broker London Capital Group Holdings (LCG) has completed the sale of its ProSpreads Limited Gibraltar-based subsidiary to Apostar Holdings Limited.

LCG said that it made the decision to sell in order to focus on its core businesses and consolidate financial resources. The proposed sale was first announced on September 13.

“We are pleased to have successfully completed the exit of the ProSpreads business which was no longer core to our proposition,” LCG’s chief executive officer, Kevin Ashby, said.

“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."