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Cornerstone FS says earnings-accretive Capital Currencies deal will help consolidate the sector

Cornerstone FS says earnings-accretive Capital Currencies deal will help consolidate the sector

Cornerstone FS PLC (AIM:CSFS) chief executive Julian Wheatland joined Proactive's Stephen Gunnion with details of the company's acquisition of forex broker Capital Currencies for up to £3 million.

Wheatland telling Proactive that the transaction is a strong strategic fit and meets Cornerstone's strategy to act as a consolidator of the fragmented foreign exchange sector. And he said it will be earnings accretive from year one.