FOR IMMEDIATE RELEASE
7 June 2016
Tullett Prebon plc
Statement on the Competition and Markets Authority's announcement on the
proposed acquisition by Tullett Prebon of ICAP's global hybrid voice broking and information business
Tullett 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.
Tullett 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.
Tullett Prebon considers that the acquisition is on track to close in 2016.
Enquiries
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Stephen Breslin |
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Group Head of Communications, Tullett Prebon plc |
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Direct: +44(0)20 7200 7750 |
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Email: sbreslin@tullettprebon.com |
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Kim Fletcher/Craig Breheny |
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Brunswick Group LLP |
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Switchboard: +44 (0) 207 404 5959 |
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Email: tullettprebon@brunswickgroup.com |
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This information is provided by RNS