ICAP completes restructure
Interdealer broker ICAP has completed the restructure of its strategic interests in Japan.
Interdealer broker ICAP has completed the restructure of its strategic interests in Japan.
ICAP Totan Securities, a 60% majority owned subsidiary of ICAP, has completed the sale of its JGB business to Central Tanshi Securities, earning the firm £1m.
ICAP and its existing partner, Totan Holdings, also acquired shares from Cental Tanshi in the newly renamed Central Totan Securities.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Central Totan Securities now operates the expanded JGB business. ICAP holds a 20% interest in Central Totan Securities, while Totan and Cental Tanshi each hold 40%.
ICAP has also completed the acquisition of an increased share in Totan Capital Markets, an interest rates derivatives broker. ICAP now owns 40%, up from 28.14%.
__
NR
-
FTSE 100 hits record highs – why is it rising and will we see more gains?
Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
By Marc Shoffman Published
-
How to invest in copper
It may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
By Dominic Frisby Published