Icap announced on Thursday that it has received final regulatory approval to complete the acquisition of the remaining 61.78% of stock in Swedish post-risk services company TriOptima on March 24.
Plans for the acquisition were announced on February 5. Icap will initially pay SKr1,074 million in cash, financed from Icap’s existing debt facilities.
TriOptima will join a number of other companies in Icap’s newly formed post-trade risk division. Mark Beeston, director of business development for the post-trade risk division says: “Icap has been developing a post-trade risk and information business to provide innovative services that enable our customers to reduce their costs and risks and increase their efficiency.
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