IF,BUT,MAYBE,WHEN IT GETS TO, WAITING FOR
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Goldman Sachs selling its stake in FX broker CMC Markets after recent share runup
LeapRate has learned via regulatory filings that global investment bank Goldman Sachs Group Inc (NYSE:GS) has been steadily selling down its stake in UK based online FX and spread betting broker CMC Markets Plc (LON:CMCX) over the past few weeks. Goldman Sachs has been a long term investor in CMC Markets, and in fact was the company’s second largest shareholder behind founder and CEO Peter Cruddas when CMC went public in a £218 million IPO last year. Goldman had since retained its approximate 5% stake in CMC Markets, but apparently was getting somewhat frustrated after CMC shares declined from their £2.40 per ... (full story)
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