TP ICAP Confirms Axiom Acquisition, Reports Revenue Stagnation

Moderator: moderators

kreslik.news
rank: 10000+ posts
rank: 10000+ posts
Posts: 25635
Joined: Thu Jan 14, 2016 9:36 am
Reputation: 2
Gender: None specified

TP ICAP Confirms Axiom Acquisition, Reports Revenue Stagnation

Postby kreslik.news » Thu Nov 01, 2018 7:56 am


TP ICAP,  the largest interdealer broker in the world, has today confirmed rumours that it has acquired Axiom Commodity Group, a US-based energy and commodities brokerage firm. The initial payment for the acquisition is $15.1 million in cash.

According to the regulatory filing, a further $3.1 million will be paid over three years and, depending on the performance of the business over this time frame, an extra $10.9 million will also be paid to the commodities broker.

[url=https://events.financemagnates.com/londonsummit/?utm_source=FM&utm_medium=AUTOLINK&utm_campaign=Article&utm_content=fmls18]Join the Leading Industry Event![/url]

Following the acquisition, Axiom will become part of TP ICAP’s Energy & Commodities division. As ... (read more)

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

Return to “news”