- Source: Exco International
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. It subsequently merged with Godsell & Co, another money brokering business.
In 1978 it was the subject of a management buyout from Gerrard & National who previously owned it. It was first listed on the London Stock Exchange in 1981.
The Company was acquired by British & Commonwealth Holdings in 1986.
When British & Commonwealth Holdings collapsed the business was sold off as Exco plc. In 1998 it acquired Intercapital plc in a reverse takeover. It has now been integrated into the ICAP Group.
References
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