Business
Statement re. CMA announcement
Statement re. CMA announcement.
About this update from Tp Icap Group Plc
[{"type":"text","content":"\n \nRNS Number : 4023A Tullett Prebon PLC 07 June 2016 \n\n \nFOR IMMEDIATE RELEASE \n7 June 2016\n \n \n \nTullett Prebon plc \n \n \nStatement on the Competition and Markets Authority's announcement on the\nproposed acquisition by Tullett Prebon of ICAP's global hybrid voice broking and information business\n \n \n \nTullett Prebon plc (\"Tullett Prebon\") notes today's announcement by the Competition and Markets Authority (\"CMA\"). It is pleased that the CMA did not find significant competition concerns in 19 of the 20 product categories it considered. \n \nTullett Prebon notes that the CMA has raised competition concerns in relation to the broking of oil products. In light of this, Tullett Prebon intends to explore how best to satisfy the CMA's concerns. \n \nTullett Prebon considers that the acquisition is on track to close in 2016. \n \n \n \nEnquiries\n\n\n\n\n\n\n\n\n\n\n\n\nStephen Breslin\n\n\n\n\n\n\n\nGroup Head of Communications, Tullett Prebon plc\n\n\n\n\n\n\n\nDirect: +44(0)20 7200 7750\n\n\n\n\n\n\n\nEmail: [email protected]\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nKim Fletcher/Craig Breheny\n\n\n\n\n\n\n\nBrunswick Group LLP\n\n\n\n\n\n\n\nSwitchboard: +44 (0) 207 404 5959\n\n\n\n\n\n\n\nEmail: [email protected] \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END STRUGUGAQUPQUAM\n ","length":4691,"tagName":"div"}]