April 2006 - Icap purchase of EBS completed for $775m
REVIEW OF THE YEAR
At the same time, Icap announced at least $32 million of annual cost savings that can be achieved by 2009 through the amalgamation of EBS with its existing e-broking division.
"In parallel with the continuing development of our voice-broking business and the development of new markets, this acquisition takes us further towards our goal of offering comprehensive electronic execution and post-trade services for liquid commoditised markets," said Michael Spencer, chief executive of Icap.
Justyn
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