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Fifty suitors bid for remains of FX firm Alpari UK
More than 50 companies are bidding to buy all or part of failed forex and spreadbetting firm Alpari UK, City A.M. understands – with international units of the wider Alpari group among those who are interested. Alpari’s Japanese and Russian arms are thought to be most involved. Firms including ETX Capital, Oanda, Iron FX and SpreadCo have also expressed interest in buying the firm. The enormous number of potential buyers raises hopes that some of the 170 workers at Alpari UK will not lose their jobs. Administrators from KPMG are expected to narrow down the bids this week to find the deal or combination of deals ... (full story)
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