According to regulatory filings from previous week leading global investment banking, securities and investment management firm Goldman Sachs has sold down its stake in CMC Markets from 5% to 3.4%.
A long-term partner of UK CFD trading and spread betting provider CMC Markets, Goldman Sachs initially bought a 10% share in the broker for $140 million. It also took active participation in the listing of CMC Markets on the London Stock Exchange (LSE) in February 2016. Goldman had since retained an approximate 5% stake in CMC Markets, but probably got disappointed over the continuous decline of CMC Markets’ stock price.
A long-term partner of UK CFD trading and spread betting provider CMC Markets, Goldman Sachs initially bought a 10% share in the broker for $140 million. It also took active participation in the listing of CMC Markets on the London Stock Exchange (LSE) in February 2016. Goldman had since retained an approximate 5% stake in CMC Markets, but probably got disappointed over the continuous decline of CMC Markets’ stock price.