INTL FCStone to Acquire Luxembourg Interdealer Broker Carl Kliem.
M2 EQUITYBITES-June 18, 2018-INTL FCStone to Acquire Luxembourg Interdealer Broker Carl Kliem
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18 June 2018 - New York, US-based financial services company INTL FCStone Inc. (NASDAQ: INTL) has executed a sale and purchase agreement to acquire Luxembourg-based interdealer broker Carl Kliem S.A, the company said.
The acquisition price is not material to INTL FCStone Inc. Closing is conditional upon approval of the Commission de Surveillance du Secteur Financier.
INTL FcStone said this acquisition represents a tremendous opportunity to leverage a very strong European client base with the full breadth of product offering available within the INTL FCStone group. This acquisition provides an EU-based footprint for INTL FCStone post Brexit.
INTL FCStone Inc., through its subsidiaries, is a provider of financial-services execution, risk management, market intelligence, and post-trade services across asset classes and markets around the world.
The company also serves institutional investors, brokers, professional traders, CTA/CPOs, proprietary trading groups, commercial banks and major investment banks.
Carl Kliem provides foreign exchange, interest rate and fixed income products to a diverse, institutional client base across the European Union. Carl Kliem employs approximately 40 people and has over 400 active institutional clients.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Jun 18, 2018|
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