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ICAP Snags Brazil Broker

Nov 10, 2008

London-based broker ICAP is acquiring Arkhe DTVM, a Sao Paulo-based BM&FBovespa broker, for $17m, or 6x the target’s post tax 2007 earnings. “ICAP's strategy in Latin America is to . . . establish a strong base in Brazil...

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“The greatest value in the next 12 months will be combination of corporates and local currency bonds”

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