BGC has been looking to sell the energy unit it acquired with GFI in February
The Intercontinental Exchange said on
Monday it has reached agreement to buy energy business Trayport
from BGC Partners for $650 million, the US exchange group's
second big deal in three weeks.
The $650 million price tag will be paid in
ICE common stock, said the Atlanta-based group on Monday, with
the deal expected to complete in the first quarter of 2016,
subject to regulatory approval.
The deal comes after months of speculation
over the new owner of the unit, which was inherited by
inter-dealer broker BGC Partners as part of its acquisition of GFI
Group in March this year.
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