/wholesale
Icap (IAP.L), the world's premier voice and electronic interdealer broker, has agreed to acquire, through its wholly-owned subsidiary ICAP Do Brasil Distribuidora De Títulos E Valores Mobiliários Ltda (ICAP DTVM), all of Arkhe Distribuidora De Títulos E Valores Mobiliários S.A. (Arkhe DTVM), a leading independent broker in Brazil, for an initial consideration of US$17 million, approximately 6X post-tax 2007 earnings for Arkhe.