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Icap completes Arkhe DTVM acquisition

29 July 2009  |  1670 views  |  0 Source: Icap

Icap (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 from 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.

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