Icap will ask its shareholders to approve the proposed sale to Tullett this week
The UK's Competition and Markets Authority
has until October 12 to make public its final decision on the
plan by Icap to sell its London-based oil desks to commodities
broker INTL FCStone, a crucial part of a bigger plan by the
broking giant to sell its entire voice broking unit to
A spokesman for the CMA told FOW the
statutory deadline for an announcement on the Icap-Tullett plan
is October 12, later than normal because a specific firm has
been named as a prospective buyer.
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