Exco International

Exco International
Public
Industry Money brokering
Fate Acquired
Successor ICAP
Founded 1965
Defunct 1998
Headquarters London, UK
Key people
 Richard Lacy (Chairman)

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.

History

The Company was established as a money brokering business in 1965 under the name of Astley & Pearce.[1] It subsequently merged with Godsell & Co, another money brokering business.[2]

In 1978 it was the subject of a management buyout from Gerrard & National who previously owned it.[3] It was first listed on the London Stock Exchange in 1981.[2]

The Company was acquired by British & Commonwealth Holdings in 1986.[3]

When British & Commonwealth Holdings collapsed the business was sold off as Exco plc. In 1998 it acquired Intercapital plc in a reverse takeover.[4] It has now been integrated into the ICAP Group.

References

  1. ↑ Astley & Pearce Ltd: Company credit report
  2. 1 2 Kalahari: Directors
  3. 1 2 Chairman is appointed at Exco International New York Times, 8 January 1987
  4. ↑ Numis Corporation Board Changes
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