FX Industry Week Review: LMAX-Betfair buyout, Jordan forex licenses, KVB raises HK$200M, and lots more… LeapRate

FX Industry Week Review: LMAX-Betfair buyout, Jordan forex licenses, KVB raises HK$200M, and lots more…

In Forex Industry News this past week… How much did LMAX management pay Paddy Power Betfair PLC (LON:PPB) to buy out the latter's 31% stake in LMAX. And, where did they get the money from? Which FX brokers were awarded financial services licenses in Jordan? Which investors put HK$200 million into Hong Kong based Retail FX…

February 01, 2018 BY LeapRate Staff

LMAX Exchange buys out Paddy Power Betfair stake for £21.9M with Silicon Valley Bank funding

Institutional FX exchange provider LMAX Exchange Group has announced that it has completed an equity purchase of Paddy Power Betfair plc’s remaining stake in the business. The 31.35% stake (or 187,811 shares) was bought from Paddy Power Betfair for £21.945 million, valuing LMAX Exchange at £70 million. The buyback brings 95% of the company under the control…

Tag: Paddy Power Betfair PLC (LON:PPB)

FX Industry Week Review: LMAX-Betfair buyout, Jordan forex licenses, KVB raises HK$200M, and lots more…

LMAX Exchange buys out Paddy Power Betfair stake for £21.9M with Silicon Valley Bank funding

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