BGC quarterly revenues up 60% to $648.6 million on acquisition of broker GFI
Inter-dealer broker BGC
said on Wednesday it was in talks with various third parties
over the sale of energy trading unit Trayport and aims to
complete the transaction by the end of the year.
chairman and chief executive of BGC, told investors: "We are in
the midst of the sales process of Trayport and expect to
complete the transaction before the end of 2015."
parties are participating in the process at a valuation that
reflects Trayport’s continuing growth in the year
following last year’s proposed transaction, as
well as its high margins, leading technology and strategic
importance in the global energy and commodities markets," he
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