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Plus Markets Group

  • BY: Andrew Hore |
  • POSTED: 21/05/2012 |

ICAP has acquired the Plus-SX business from Plus Markets Group but it is unlikely to be particularly interested in the Plus-quoted segment and its companies.

Interdealer broker ICAP is interested in the Recognised Investment Exchange status of the loss-making Plus-SX, which generates £3m a year in revenues. ICAP has no understanding or expertise when it comes to very small companies. Even if it retains the Plus-quoted companies ICAP is likely to focus on newer products where liquidity is much greater. ICAP is saying the right things to reassure Plus-quoted companies, and it will want to preserve the current base while it builds up the business, the small companies could easily become lost over times as their profile declines.

There is still scope for markets, such as GXG and Sharemark, to pick up additional companies. Hello Telecom is already quoted on GXG and Plus-quoted so it will be interesting to see what it does.

The rest of the Plus Markets operations remain on offer to potential acquirers.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFMay2012_32.pdf

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