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DGAP-News: INTL FCStone UK Subsidiary Agrees to Purchase TRX Futures Limited
ID: 596864
(firmenpresse) - INTL FCStone Inc.
15.03.2012 18:45
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NEW YORK, 2012-03-15 18:44 CET (GLOBE NEWSWIRE) --
INTL FCStone Inc. (Nasdaq:INTL), today announced that INTL Holding (UK)
Limited, a wholly owned subsidiary in the United Kingdom, has signed a sale and
purchase agreement to acquire TRX Futures Limited from Neumann Gruppe GmbH.
Closing is conditional upon approval of the Financial Services Authority. TRX
Futures is a London-based brokerage and clearing firm for commercial coffee and
cocoa customers, as well as energy and financial products. Its clients will
benefit from INTL FCStone's infrastructure, commodities expertise and
comprehensive array of exchange traded and over-the-counter products. As a
clearing member of NYSE Liffe and ICE Futures Europe, TRX will add to INTL
FCStone's existing clearing memberships, which include the London Metal
Exchange.
Philip Smith, Chief Executive of INTL Holding (UK), commented, 'We're thrilled
at the prospect of adding the TRX team to our lineup. This acquisition
represents a tremendous opportunity to enhance our capabilities in the soft
commodities space with a unique team of commodity risk management
professionals. In addition to their experience and expertise, TRX brings a
wealth of customer relationships that we believe will benefit from being served
by INTL FCStone.'
Oscar Schaps, INTL FCStone's Managing Director of Global Soft Commodities,
said, 'This is a great chance to introduce TRX's customers to the scope of
products and services offered by INTL FCStone, including exchange clearing and
execution; sophisticated structured risk management solutions; corporate
advisory services; foreign exchange and treasury services; and a wide variety
of other financial services. INTL FCStone's commitment to mid-market commercial
customers will serve these customers well.'
About INTL FCStone Inc.
INTL FCStone Inc. provides execution and advisory services in commodities,
currencies and international securities. INTL FCStone's businesses, which
include the commodities advisory and transaction execution firm FCStone Group,
serve more than 20,000 commercial customers through a network of offices around
the world. Further information on INTL FCStone Inc. is available at
www.intlfcstone.com.
Forward Looking Statements
This press release includes forward-looking statements including statements
regarding the combined company. All statements other than statements of current
or historical fact contained in this press release are forward-looking
statements. The words 'believe,' 'expect,' 'anticipate,' 'should,' 'plan,'
'will,' 'may,' 'could,' 'intend,' 'estimate,' 'predict,' 'potential,'
'continue' or the negative of these terms and similar expressions, as they
relate to INTL FCStone Inc., are intended to identify forward-looking
statements.
These forward-looking statements are based largely on current expectations and
projections about future events and financial trends that may affect the
financial condition, results of operations, business strategy and financial
needs of the combined company. They can be affected by inaccurate assumptions,
including the risks, uncertainties and assumptions described in the filings
made by INTL FCStone Inc. with the Securities and Exchange Commission. In light
of these risks, uncertainties and assumptions, the forward-looking statements
in this press release may not occur and actual results could differ materially
from those anticipated or implied in the forward-looking statements. When you
consider these forward-looking statements, you should keep in mind these risk
factors and other cautionary statements in this press release.
These forward-looking statements speak only as of the date of this press
release. INTL FCStone Inc. undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise. Accordingly, readers are cautioned not to place undue
reliance on these forward-looking statements.
INTL FCStone Inc.
Kent Coughlin
+1-615-234-2756
kent.coughlin(at)intlfcstone.com
News Source: NASDAQ OMX
15.03.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: INTL FCStone Inc.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US4590281063
WKN:
End of Announcement DGAP News-Service
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Datum: 15.03.2012 - 18:45 Uhr
Sprache: Deutsch
News-ID 596864
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