FXCM closes FastMatch sale, gets $46.7 million to pay Leucadia
Posted: Sat Aug 19, 2017 10:27 pm
FXCM Group, the two remaining forex, CFD and spread betting units of Global Brokerage, announced it has finalized the sale of its stake in FastMatch to Euronext. The deal received all necessary regulatory and anti-trust approvals.
According to the announcement, FXCM got $46.7 million in cash, with $8.7 million held in escrow subject to certain potential future adjustments. The proceeds from the sale were used to repay debt owed to Leucadia, with $66.8 million outstanding.
According to the announcement, FXCM got $46.7 million in cash, with $8.7 million held in escrow subject to certain potential future adjustments. The proceeds from the sale were used to repay debt owed to Leucadia, with $66.8 million outstanding.