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1984318 (IAP.L)

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  • Sky News

    City investors press TP Icap for £1.5bn Parameta windfall

    TP Icap, the interdealer broker, is coming under intense pressure from City shareholders to break itself up in a move they believe could trigger a £1.5bn capital return. Sky News has learnt that a number of the company's most significant institutional investors have begun talks about moves to press TP Icap's board into exploring a formal sale process for Parameta, its high-margin data division. The shareholders believe that an auction could yield a price as high as £1.5bn, which would be bigger than the market capitalisation of the entire group.