Exco International | |
Type: | Public |
Fate: | Acquired |
Foundation: | 1965 |
Defunct: | 1998 |
Location: | London, UK |
Industry: | Money brokering |
Key People: | Richard Lacy (Chairman) |
Exco International was a leading British money brokering company. It was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index but was acquired by British & Commonwealth Holdings in 1986.
The Company was established as a money brokering business in 1965 under the name of Astley & Pearce.[1] It subsequently merged with Godsell & Co, another money brokering business.[2]
In 1978 it was the subject of a management buyout from Gerrard & National who previously owned it.[3] It was first listed on the London Stock Exchange in 1981.[2]
The Company was acquired by British & Commonwealth Holdings in 1986.[3]
When British & Commonwealth Holdings collapsed the business was sold off as Exco plc. In 1998 it acquired Intercapital plc in a reverse takeover.[4] It has now been integrated into the ICAP Group.