Exco, Intercapital Group In Merger Talks As Exco Energy Discontinues 'Net Service
ENERGY TRADING
LONDON--Exco, the UK-based money and securities broker, has disclosed that it is in "advanced merger discussions" with Intercapital Group, a London-based derivatives brokerage.
At the same time, one of Exco's units, Sydney-based Exco Energy, has suspended its novel Internet-based electricity trading information service, due to a lacklustre response by electricity market participants.
The proposed Exco and Intercapital marriage amounts to a reverse take-over of Exco, which will acquire Intercapital
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