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Screenshot of a breaking news alert e-mail from Q2 2017
LeapRate has learned from industry sources that leading Dublin, Ireland based financial spreadbetting broker Shelbourne Markets is about to be acquired. Apparently Shelbourne has been holding sale discussions with a number of suitors, including a leading US-based forex brokerage, and several UK-based spreadbetting rivals.
We understand that the likely buyer will be one of the UK firms – either ETX Capital or London Capital Group (LON:LCG), as was rumored in Irish press a few weeks ago. Two years ago ETX acquired certain businesses of another spreadbetting firm, WorldSpreads, which had closed its doors. LCG itself is in process of a takeover by an investor group led by Charles Henri-Sabet.
Readers of LeapRate should recall that Shelbourne rebranded about a year ago – it was formally known as MarketSpreads.
We’ll bring you more information as it becomes available, we expect a formal announcement of a deal within the next 24 hours – but until the ink is dry on the bottom line, you can’t be sure.