--- title: ICAP-Tullett Prebon Deal Nears Completion description: Tullett Prebon looks to enter 2017 as an owner of two voice-broking businesses. image: https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/merger-in-focus-May-12-2022-09-34-24-76-AM.jpg --- ![websites-group](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/new-MMG-01.svg) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-new-marketsmedia-logo.svg)](https://www.marketsmedia.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-traders-redlogo.svg)](https://www.tradersmagazine.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-bestexe-logo.svg)](https://www.bestexecution.net/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-fidesk-logo.svg)](https://www.fixglobal.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-fixglobal-new-logo.svg)](https://www.fixglobal.com/) - [*Facebook*](https://www.facebook.com/MarketsMedia/) - [*Twitter*](https://twitter.com/marketsmedia) - [*Linkedin*](https://www.linkedin.com/company/markets-media-llc) - [Newsletter](https://articles.marketsmedia.com/icap-tullett-prebon-deal-nears#popup-newsletter) #### Want the latest news on securities markets -- FREE? 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However, all dates are dependent on “the date upon which the Court sanctions the Scheme and confirms the ICAP Reduction of Capital and the date on which the Scheme Court Order sanctioning the scheme is delivered to the Registrar of Companies,” according to an announcement released by ICAP. ICAP and Tullett Prebon first announced that Tullett Prebon would acquire ICAP’s hybrid voice broking business and other assets in November 2015. The transaction is a reverse takeover in which ICAP has formed a new holding company, ICAP NewCo, that holds 100% of ICAP shares. Existing ICAP shareholders will become ICAP NewCo shareholders prior to the completion of the deal. Tullett Prebon will then acquire ICAP’s holding company for its voice broking business in an all-stock transaction. Tullett Prebon plans to operate the existing portfolio of ICAP and Tullett Prebon brands in parallel after the transaction is completed, according to Tullett Prebon officials at the time. The UK’s Competition and Markets Authority cleared the transaction after ICAP agreed to sell its London-based EMEA oil desks to INTL FCStone mid-year and the Financial Conduct Authority approved the transaction in mid-November. [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/icap-tullett-prebon-deal-nears) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/icap-tullett-prebon-deal-nears) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/icap-tullett-prebon-deal-nears) ![email](https://articles.marketsmedia.com/hubfs/Markets%20Media/email.svg) ### NEWSLETTER SIGN UP And receive exclusive articles on securities markets ### Related articles 1. 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