Statement re. CMA announcement

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: [phone]
Email: [e-mail]
Kim Fletcher/Craig Breheny
Brunswick Group LLP
Switchboard: [phone]
Email: [e-mail]

 

END

 

 

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