Icap to buy US energy broker
London-based inter-dealer broker Icap plans to acquire the US energy broking company United Fuels International.
Dennis Crum, chief executive of Icap Energy, believes United has a strong presence in oil, coal and emissions, and will add to the UK broker’s existing focus on US power and gas. The acquisition is expected to be completed in early October.
Icap did not divulge financial details regarding the possible deal.
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