29th Jul 2009 14:15
Press Release
ICAP completes acquisition of Arkhe, leading independent Brazilian broker
London/New York/Rio de Janeiro, 29 July 2009 - ICAP plc (IAP.L), the world's premier voice and electronic interdealer broker, announced today that its wholly-owned subsidiary, ICAP do Brasil Corretora de Títulos e Valores Mobiliários Ltda. (ICAP CTVM), has received approval form the Banco Central do Brasil, the Central Bank of Brazil, for its acquisition of all of Arkhe Distribuidora De Títulos E Valores Mobiliários S.A. (Arkhe DTVM), thereby completing the transaction.
On 7 November 2008, ICAP announced its intention to acquire Arkhe, a leading independent broker in Brazil.
Contacts:
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Luiz H. L. Teixeira
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Arkhe Communications
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+55 (21) 2517 7714
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Mike Sheard
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ICAP Corporate Affairs
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+44 (0) 20 7050 7103
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Guy Taylor
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ICAP Communications
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+1 212 341 9759
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About ICAP plc
ICAP is the world's premier interdealer broker and provider of post trade services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, foreign exchange, emerging markets, equities and equity derivatives through voice and electronic networks. ICAP is also the source of global market information and research for professionals in the international financial markets. ICAP plc was added to the FTSE 100 Index on 30 June 2006. For more information, please go to www.icap.com.
About Arkhe DTVM
Started in 2000, Arkhe is a private, shareholder company and a leading independent Brazilian broker, with headquarters in Rio de Janeiro and another office in São Paolo, which houses a state-of-the-art trading floor. The group has a brokerage staff of 100 and offers brokerage services in BM&FBOVESPA derivatives and agricultural commodities, FX options, OTC products, and Brazilian government and corporate bonds. For more information, please go to www.arkhe.com.br. Dutra Leite e Brandao Cavalcanti Advogados and Pinheiro Guimarães Advogados provided advice to Arkhe in relation to this transaction.
Related Shares:
IAP.L