BGC Group announces agreement to acquire OTC Global Holdings
BGC(BGC) Prnewswire·2024-10-22 19:00
Acquisition will bolster BGC's Energy, Commodities, and Shipping businessNEW YORK, Oct. 22, 2024 /PRNewswire/ -- BGC Group, Inc. (Nasdaq: BGC), a leading global brokerage and financial technology company, announced today that it has entered into an agreement to acquire OTC Global Holdings, LP ("OTC"), the largest independent institutional energy and commodities brokerage firm. Through this acquisition, BGC Group will further expand and diversify its global Energy, Commodities, and Shipping ("ECS") business. ...