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.

 

Enquiries

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
The company news service from the London Stock Exchange
 
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