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Slide #28. BGC Partners, Inc. — Remate Lince, S.A.P.I. de C.V.
BGC Partners, Inc. (NASDAQ:BGCP)
Remate Lince, S.A.P.I. de C.V.
BGC Partners, Inc. (NASDAQ: BGCP) ("the Company" or "BGC"), a leading global brokerage company servicing the wholesale financial and real estate markets, today announced that it intends to expand its Latin American presence with an agreement to acquire Remate Lince, S.A.P.I. de C.V. ("Remate"), one of Mexico's leading inter-dealer brokers, known for its strong interest rate derivatives and bond brokerage businesses. This marks BGC's first acquisition agreement in Latin America since the acquisition of Brazil's Liquidez DTVM Ltda. in 2009 and highlights the company's ambitions to expand its position in this important strategic region, drive liquidity and market connectivity to its customer base in Latin America, and export peso-denominated products to our global platform. Financial details of the intended transaction which has not yet closed were not disclosed.
BGC Partners is a holding company. Through its subsidiaries, Co. is a financial brokerage and technology company. Through brands including BGC®, GFI®, Sunrise Brokers, Poten & Partners®, RP Martin and Fenics® among others, Co. engages in the brokerage of a range of products, including fixed income such as government bonds, corporate bonds, and other debt instruments, as well as related interest rate derivatives and credit derivatives. Co. provides broker products across foreign exchange, equity derivatives and cash equities, energy and commodities, shipping and futures and options. Co. also provides other services, including trade execution, connectivity solutions, and brokerage services
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Strong Buy (4.00 out of 4)