Exco International
 | |
| Company type | Public |
|---|---|
| Industry | Money brokering |
| Founded | 1965 |
| Defunct | 1998 |
| Fate | Acquired |
| Successor | ICAP |
| 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
- ^ Astley & Pearce Ltd: Company credit report
- ^ a b Kalahari: Directors
- ^ a b Chairman is appointed at Exco International New York Times, 8 January 1987
- ^ Numis Corporation Board Changes