Exco International

From Wikipedia, the free encyclopedia
Jump to: navigation, search
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[edit]

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[edit]