TP ICAP is Eyeing Takeover of Axiom Commodity Group

[kreslik.news]

TP ICAP, the largest interdealer broker in the world, is reportedly in advanced talks to buy US-based Axiom Commodity Group. With TP ICAP set to report its third-quarter results on Friday, the deal could be announced as soon as this week.

A source with knowledge of the deal revealed the acquisition this Wednesday to Reuters. The source did not want to be identified as talks were still ongoing.

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Axiom was founded in 20016. It has a large presence in the natural gas, petroleum, power, biofuels and grains markets. Because of this, the acquisition ... (read more)