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BGC Partners finalizes acquisition of Poten/Partners.

BANKING AND CREDIT NEWS-November 27, 2018-BGC Partners finalizes acquisition of Poten/Partners

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New York, US-based brokerage and financial technology company BGC Partners, Inc. (NASDAQ: BGCP) has announced it has acquired ship brokerage Poten and Partners Group, Inc., the company said.

Under the terms of the agreement, BGC acquired 100% of Poten, which includes operations in New York, London, Singapore, Houston, Athens, Guangzhou and Perth.

BGC said the addition of physical LNG, LPG and tanker brokerage, and energy consulting capabilities will allow BGC to expand its operations in the oil, gas and shipping sectors.

Poten and Partners Group, Inc. is a ship brokerage, consulting and business intelligence firm specializing in LNG, tanker and LPG markets. Poten provides its clients with valuable insight into the international oil, gas and shipping markets.

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Publication:M2 Banking & Credit News (BCN)
Date:Nov 27, 2018
Words:148
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