TP ICAP Group plc Completion of Liquidnet Acquisition (2535T)
24 Marzo 2021 - 1:00AM
UK Regulatory
RNS Number : 2535T
TP ICAP Group plc
24 March 2021
24 March 2021
TP ICAP GROUP PLC
Completion of Liquidnet Acquisition
TP ICAP Group plc ("TP ICAP" and, together with its
subsidiaries, the "Group") is pleased to announce that it has
completed the acquisition of Liquidnet Holdings, Inc. ("Liquidnet"
and, together with its subsidiaries and the Group, the "Enlarged
Group") (the "Acquisition").
The Acquisition creates a diversified global markets
infrastructure and data solutions provider. The Enlarged Group is
well-positioned to benefit from powerful market structure trends
related to buyside objectives. These include achieving trade
process efficiency and best execution, which are propelling the
rapid electronification of financial market trading across multiple
asset classes and, in particular, in the dealer-to-client segments
of the Credit and Rates markets.
Nicolas Breteau, Chief Executive Officer, TP ICAP:
"Completing the acquisition of Liquidnet is an important
milestone for TP ICAP. Bringing together two highly complementary
businesses transforms our growth prospects by materially
accelerating the execution of our strategy. Our focus now is on the
swift integration of Liquidnet and realising the compelling
opportunities to drive higher revenues and returns to
shareholders."
Ends
Enquiries
For further information, please contact:
TP ICAP
Al Alevizakos (Head of Investor
Relations) +44 (0) 799 991 2672
Richard Newman (Head of Marketing
&
Communications) +44 (0) 746 903 9307
William Baldwin-Charles (Media
Relations Director) +44 (0) 783 452 4833
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
ACQSEUFUDEFSEED
(END) Dow Jones Newswires
March 24, 2021 03:00 ET (07:00 GMT)
Tp Icap (LSE:TCAP)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Tp Icap (LSE:TCAP)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024