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UK broker deal ‘on track’ to be completed this year, ICAP says

( June 22, 2016, 11:01 GMT | Official Statement) -- MLex Summary: ICAP and Tullett Prebon are working together to sell ICAP’s London-based oil desks within the appropriate timeframe, the companies said. Their statement comes after the UK competition authority said it would consider the remedies they offered as part of Tullett Prebon’s acquisition of ICAP’s voice/hybrid broking business. The companies are trying to obtain the necessary regulatory and competition approvals to complete the deal, which ICAP said is still on track to be concluded this year.Full statement follows:...

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