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Peter Cruddas to float betting company despite market volatility

Discussion in 'Market News' started by Lily, Feb 2, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Former Conservative party treasurer is to sell £200m worth of CMC Markets shares, with company valued around £680m

    A spread betting company controlled by the former Conservative party treasurer is pushing ahead with a flotation despite the turbulent start to the year for stock markets.

    Peter Cruddas is selling £200m worth of shares in CMC Markets, having abandoned an initial public offering in 2006. Goldman Sachs will sell some of its 10% shareholding as part of the float.

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