TCAP Tp Icap Group Plc

TIDMTLPR

RNS Number : 3335J

Tullett Prebon PLC

08 September 2016

FOR IMMEDIATE RELEASE

8 September 2016

Tullett Prebon plc

Update on the proposed acquisition of

ICAP's global hybrid voice broking and information business

Tullett Prebon plc ("Tullett Prebon") is pleased that the Competition and Markets Authority (the "CMA") has today announced that it has accepted the undertakings proposed by ICAP plc ("ICAP") and Tullett Prebon to divest ICAP's London-based EMEA oil desks to INTL FCStone Limited. As a result, the CMA will not refer Tullett Prebon's proposed acquisition of the global hybrid voice broking and information business of ICAP (the "Transaction") to an in-depth Phase 2 merger investigation and therefore the Transaction has been cleared by the CMA.

Completion of the Transaction remains subject to approval by various regulatory bodies including the FCA and satisfaction of other closing conditions.

Tullett Prebon remains confident that the Transaction is on track to close in 2016.

Enquiries

 
 Alexandra Wick 
 Marketing & Communications, Tullett 
  Prebon plc 
 Direct: +44(0)20 7200 7579 
 Email: awick@tullettprebon.com 
 
 Kim Fletcher/Craig Breheny 
 Brunswick Group LLP 
 Switchboard: +44 (0) 207 404 
  5959 
 Email: tullettprebon@brunswickgroup.com 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 08, 2016 07:15 ET (11:15 GMT)

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