logo
Plus   Neg
Share
Email

INTL FCStone Agrees To Buy Luxembourg-based Carl Kliem; Terms Not Disclosed

INTL FCStone Inc. (INTL), a provider of financial-services execution, risk management, market intelligence, and post-trade services, announced Wednesday that it has executed a sale and purchase agreement to acquire Carl Kliem S.A, of Luxembourg. INTL FCStone said its acquisition price is not material to the company.

Closing is conditional upon approval of the Commission de Surveillance du Secteur Financier.

Carl Kliem is an independent interdealer broker, which provides foreign exchange, interest rate and fixed income products to a diverse, institutional client base across the European Union. Carl Kliem employs approximately 40 people and has over 400 active institutional clients.

Philip Smith, Chief Executive, EMEA, said, "This acquisition represents a tremendous opportunity to leverage a very strong European client base with the full breadth of product offering available within the INTL FCStone group. At the same time this acquisition provides an EU-based footprint for INTL FCStone post Brexit."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Whole Foods Market stores have recalled Decorated Red Apple Cookies as they may contain undeclared egg. People who have an allergy or severe sensitivity to these allergens run the risk of serious or life-threatening allergic reaction if they consume these products. The cookies were sold by the... Norwex has announced voluntary recall of about 58,000 rubber brooms due to laceration hazard. According to the company, handles of the recalled brooms can break in half, exposing a metal inner rim, posing a laceration hazard to the user. The recall involves extendable indoor/outdoor white rubber... Amazon.com Inc. has expanded its AmazonFresh grocery delivery service to three new cities. Beginning today, Amazon Prime members in Houston, Minneapolis and Phoenix can shop thousands of products, ranging from meat and seafood to fresh produce and everyday essentials. The groceries will be delivered to their homes in two hours or less, with options for one-hour and two-hour delivery.
Follow RTT