Source - RNS
RNS Number : 3335J
Tullett Prebon PLC
08 September 2016

FOR IMMEDIATE RELEASE                                     

8 September 2016

Tullett Prebon plc

Update on the proposed acquisition of

ICAP's global hybrid voice broking and information business


Tullett Prebon plc ("Tullett Prebon") is pleased that the Competition and Markets Authority (the "CMA") has today announced that it has accepted the undertakings proposed by ICAP plc ("ICAP") and Tullett Prebon to divest ICAP's London-based EMEA oil desks to INTL FCStone Limited. As a result, the CMA will not refer Tullett Prebon's proposed acquisition of the global hybrid voice broking and information business of ICAP (the "Transaction") to an in-depth Phase 2 merger investigation and therefore the Transaction has been cleared by the CMA.

Completion of the Transaction remains subject to approval by various regulatory bodies including the FCA and satisfaction of other closing conditions.

Tullett Prebon remains confident that the Transaction is on track to close in 2016.



Alexandra Wick

Marketing & Communications, Tullett Prebon plc

Direct: +44(0)20 7200 7579

Email: [email protected]

Kim Fletcher/Craig Breheny

Brunswick Group LLP

Switchboard: +44 (0) 207 404 5959

Email: [email protected]


This information is provided by RNS
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