British Telecom To Buy Holding In U.K. Money Broker Marshall
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British Telecommunications PLC has agreed to acquire a 29.5% stake in M.W. Marshall & Co., a large international money broker, in a bid to boost its expertise in the financial trading systems field.
The two companies have worked together closely in the past, cooperating on development of products for BT's British Telecom (CBP) Ltd. subsidiary, which makes and sells dealing-room systems and telephone turrets.
Under the accord, BT will pay 11.7 million pounds sterling for its stake in Marshall
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