FCA approves Tullett Prebon acquisition of Icap's IGBB
Finalisation of the transaction remains contingent upon regulatory approval
Interdealer broker Tullett Prebon has received approval from the Financial Conduct Authority for the acquisition of Icap's global hybrid voice-broking and information business (IGBB), its board of directors announced on November 15.
Finalisation of the transaction remains contingent upon worldwide regulatory approval, but the broker is said to be confident the final stage of the process will happen before the end of the year.
"As notified previously, Tullett Prebon believes that while it remains
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