Done deal: Poten parent BGC confirms purchase of Oil Brokerage owner

Poten & Partners parent BGC Group has reached an agreement to acquire OTC Global Holdings, the company that owns fast-growing Oil Brokerage, for an undisclosed sum in a deal that confirms previous reports of the talks by TradeWinds.

Terms of the cash purchase were not detailed in an announcement on Tuesday from Nasdaq-listed BGC and Oil Brokerage parent OTC Global Holdings.