Icap confirms EBS approach; FX platform expects more than one bidder
Interdealer broker Icap has confirmed it is in “preliminary discussions” to acquire electronic forex heavyweight EBS, ending mounting speculation that the electronic forex dealing platform had been looking for a buyer since July 2004, when it appointed Citigroup as a strategic adviser.
A broking source said a turning point was reached on January 18 when the EBS board approved in principal to sell the business to Icap. Icap said last November that it planned to expand its electronic
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