Statement re. CMA announcement

Released : 07.06.2016 07:09

RNS Number : 4023A
Tullett Prebon PLC
07 June 2016
 

 

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



Stephen Breslin


Group Head of Communications, Tullett Prebon plc


Direct: +44(0)20 7200 7750


Email: sbreslin@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
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