REG - TP ICAP Group plc - Completion of Liquidnet Acquisition

TP IcapAnnouncement

24/03/2021 08:05

RNS Number : 2535T
  
TP ICAP Group plc
  
24 March 2021
  
 

 
24 March 2021
 
TP ICAP GROUP PLC
Completion of Liquidnet Acquisition
 
TP ICAP Group plc ("TP ICAP" and, together with its subsidiaries, the "Group") is pleased to announce that it has completed the acquisition of Liquidnet Holdings, Inc. ("Liquidnet" and, together with its subsidiaries and the Group, the "Enlarged Group") (the "Acquisition").
The Acquisition creates a diversified global markets infrastructure and data solutions provider. The Enlarged Group is well-positioned to benefit from powerful market structure trends related to buyside objectives. These include achieving trade process efficiency and best execution, which are propelling the rapid electronification of financial market trading across multiple asset classes and, in particular, in the dealer-to-client segments of the Credit and Rates markets.
Nicolas Breteau, Chief Executive Officer, TP ICAP:
"Completing the acquisition of Liquidnet is an important milestone for TP ICAP. Bringing together two highly complementary businesses transforms our growth prospects by materially accelerating the execution of our strategy. Our focus now is on the swift integration of Liquidnet and realising the compelling opportunities to drive higher revenues and returns to shareholders."
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Enquiries
For further information, please contact:
 
TP ICAP 



Al Alevizakos (Head of Investor Relations)


+44 (0) 799 991 2672
 




Richard Newman (Head of Marketing & 
Communications)


+44 (0) 746 903 9307














William Baldwin-Charles (Media
Relations Director)


+44 (0) 783 452 4833



 
 
 

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