Exco International Explained

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.

History

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.

Notes and References

  1. Web site: Astley & Pearce Ltd: Company credit report . 2009-02-07 . https://web.archive.org/web/20100905015145/http://www.ukdata.com/company-credit-reports/ASTLEY-_and-PEARCE-LIMITED.html . 2010-09-05 . dead .
  2. Web site: Kalahari: Directors . 2009-02-07 . https://web.archive.org/web/20100907063950/http://www.kalahari.co.uk/pages/kal2board/page-7.html . 2010-09-07 . dead .
  3. https://query.nytimes.com/gst/fullpage.html?res=9B0DE6DE103BF93BA35752C0A961948260&partner=rssnyt&emc=rss Chairman is appointed at Exco International
  4. http://www.numiscorp.com/uploads/field2_29-04-2003_14_32_43_3534_Board%20Changes,%20Equity%20Issue,%20LTIP.pdf Numis Corporation Board Changes