The British broker reacted to news the CMA has concerns about proposed deal
Broking giant Icap has said it remains
confident it will complete its plan to merge its voice broking
business with that of rival Tullett Prebon after
Britain’s competition authority said it is
investigating the deal.
The UK Competition and Markets
Authority (CMA) said on Tuesday
the proposed sale of Icap’s voice broking business
to Tullett will lead to a "substantial lessening of
competition" in the oil broking market and it will refer
the deal to a further investigation unless Tullett and Icap are
able to offer undertakings which address the CMA’s
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.