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EBS FX solutions is poised for a sale
19/12/2005
EBS FX Solutions, the currency and commodity exchange, is poised for a sale, according to a reports. EBS's owners, a consortium of banks, has appointed Citigroup to conduct a strategic review. Citigroup has contacted potential buyers, Deutsche Boerse and Euronext, the European exchanges, are believed to have been contacted. Collins Stewart, the listed UK stockbroker, is also considered a potential bidder. Should the review lead to a sale, a deal size in the range of £500m - £600m might be expected, the report continued. Barclays, JP Morgan and HSBC are among EBS's owners. The strategic review was commissioned a year and a half ago. A sale was the preferred option, the item said, although it added that due to the lack of a large field of bidders, a sale is by no means certain.

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