IG Group To Sell Nadex And Small Exchange - Quick Facts

IG Group Holdings plc (IGG.L) said that it plans to sell North American Derivatives Exchange Inc. or Nadex and Small Exchange Inc., the latter of which IG owns about 39%, to Foris DAX Markets Inc.

The proposed sale is a cash transaction with an about, aggregate price for the IG shareholdings in both companies of $216 million. The closing of the transaction is expected to be in the first half of 2022.

The company noted that the transaction does not materially impact full-year adjusted operating profit expectations nor the medium-term revenue growth guidance for High Potential Markets previously provided in July 2021.

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