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IG Acquires Freetrade for £160 Million
IG Group (LON: IGG) has acquired Freetrade, a commission-free investment platform, for £160 million to further expand its offerings in the United Kingdom. According to the announcement made today (Thursday), IG’s existing capital resources will fund the deal in cash. Although the two firms have agreed on the acquisition, it is now pending regulatory approvals, which are expected to be granted by mid-2025. “This is a rare opportunity to strengthen IG's UK trading and investment offering and broaden our target addressable market,” said Breon Corcoran, CEO of IG. The acquisition will allow IG to enter the UK’s ... (full story)