Exco International
Encyclopedia
Exco International was a leading British
money brokering company. It was listed on the London Stock Exchange
and was once a constituent of the FTSE 100 Index
but was acquired by British & Commonwealth Holdings in 1986.
In 1978 it was the subject of a management buyout
from Gerrard & National who previously owned it. It was first listed on the London Stock Exchange
in 1981.
The Company was acquired by British & Commonwealth Holdings in 1986.
When British & Commonwealth Holdings collapsed the business was sold off as Exco plc. In 1998 it acquired Intercapital plc
in a reverse takeover
. It has now been integrated into the ICAP Group
.
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
money brokering company. It was listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
and was once a constituent of the FTSE 100 Index
FTSE 100 Index
The FTSE 100 Index, also called FTSE 100, FTSE, or, informally, the footsie , is a share index of the 100 most highly capitalised UK companies listed on the London Stock Exchange....
but was acquired by British & Commonwealth Holdings in 1986.
History
The Company was established as a money brokering business in 1965 under the name of Astley & Pearce. It subsequently merged with Godsell & Co, another money brokering business.In 1978 it was the subject of a management buyout
Management buyout
A management buyout is a form of acquisition where a company's existing managers acquire a large part or all of the company.- Overview :Management buyouts are similar in all major legal aspects to any other acquisition of a company...
from Gerrard & National who previously owned it. It was first listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
in 1981.
The Company was acquired by British & Commonwealth Holdings in 1986.
When British & Commonwealth Holdings collapsed the business was sold off as Exco plc. In 1998 it acquired Intercapital plc
ICAP (company)
ICAP plc is a UK based voice and electronic dealer broker and provider of post trade risk services, the largest in the world carrying out transactions for financial institutions rather than private individuals...
in a reverse takeover
Reverse takeover
A reverse takeover or reverse merger is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public...
. It has now been integrated into the ICAP Group
ICAP (company)
ICAP plc is a UK based voice and electronic dealer broker and provider of post trade risk services, the largest in the world carrying out transactions for financial institutions rather than private individuals...
.