Exco Headed For Management Buyout? But Price Cut Likely: No 230 Million Pounds Sterling

- By FX Markets Staff
- @FXMarkets_
- 08 Jun 1990

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Exco International PLC, which is involved in foreign exchange and other interdealer broking activities, appears to be headed for a management buyout, following the appointment of an administrator for its parent company, British & Commonwealth Holdings PLC.

While Exco executives have expressed a preference for a management buyout, the new legal arrangements that provide B&C with temporary protection from its creditors make this outcome a lot more certain, bankers say. Now that B&C has legal

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Exco Headed For Management Buyout? But Price Cut Likely: No 230 Million Pounds Sterling

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