BGC Group Agrees To Acquire OTC Global Holdings Via All-Cash Transaction; No Terms Disclosed
Benzinga Newsdesk 2 years ago
M&ANews
OTC Global Holdings, LP is an independent institutional energy and commodities brokerage firm. Through this acquisition, BGC Group will further expand and diversify its global Energy, Commodities, and Shipping
OTC Global Holdings, LP is an independent institutional energy and commodities brokerage firm. Through this acquisition, BGC Group will further expand and diversify its global Energy, Commodities, and Shipping ("ECS") business.
Under the terms of the agreement, BGC expects to acquire OTC in a substantially all-cash transaction, which is subject to customary closing conditions, including applicable regulatory approvals.