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Item Details
| Title:
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SECTOR TREASURY SERVICES AND BUTLERS
A REPORT ON THE COMPLETED ACQUISITION BY SECTOR TREASURY SERVICES LIMITED OF ICAP PLC'S TREASURY MANAGEMENT ADVISORY SERVICES BUSINESS (BUTLERS) |
| By: |
Great Britain: Competition Commission, Malcolm Nicholson |
| Format: |
Paperback |
| List price:
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£30.00 |
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We currently do not stock this item, please contact the publisher directly for
further information.
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| ISBN 10: |
0117081604 |
| ISBN 13: |
9780117081604 |
| Publisher: |
TSO |
| Pub. date: |
19 October, 2012 |
| Pages: |
92 |
| Synopsis: |
In this report the Competition Commission (CC) formally clears the completed acquisition by Sector Treasury Services Limited (STS) of Butlers, a trading division of ICAP plc, which provides treasury management advisory (TMA) services. STS is a wholly-owned subsidiary of Capita Business Services Limited. This confirms the provisional findings that the acquisition has not resulted and is not likely to result in a substantial lessening of competition in the market for the supply of TMA services to local authorities on a retainer basis. Prior to the merger, both companies supplied (among other things) TMA services to local authorities in the UK under retainer contracts. Treasury management is the process by which public and private sector bodies manage their cash flows and associated financial risks. It includes deciding when, for how long and with whom to invest surplus funds and from whom to borrow additional funds and on what terms |
| Illustrations: |
col. figs, tables |
| Publication: |
UK |
| Imprint: |
TSO |
| Returns: |
Non-returnable |
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