DECEMBER 2, 2013 | ||||||||
KCG COMPLETES SALE OF URBAN FINANCIAL OF AMERICA | ||||||||
KCG COMPLETES SALE OF URBAN FINANCIAL OF AMERICA Divestiture further refocuses KCG on core market making and trading services
JERSEY CITY, N.J. - December 2, 2013 - KCG Holdings, Inc. (NYSE: KCG) today announced the completion of the sale of Urban Financial of America, LLC (formerly Urban Financial Group, Inc.), effective November 30, 2013, to an investor group for approximately $80 million in total proceeds, representing a combination of cash consideration and retained net assets.
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The matters described within the Investor Relations section of the Knight Capital Group (the "Company") Web site contain forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the Company's control, which could cause actual results to differ materially from historical results, performance or other expectations and from any opinions or statements expressed with respect to future periods. These factors include, but are not limited to, the Company's ability to implement its growth strategies, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, intellectual property rights, and other factors detailed in the Company's registration statement and periodic reports filed with the Securities and Exchange.
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