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GFI Group Inc. Completes Acquisition of Amerex Energy - North America.

Publication: PR Newswire
Publication Date: 02-OCT-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
- Integration underway -

NEW YORK, Oct. 2 /PRNewswire-FirstCall/ -- GFI Group Inc. announced today that it has completed its previously announced acquisition of substantially all of the North American brokerage operations and assets of Amerex Energy ("Amerex"), a group of companies that has operated as a leading interdealer broker of electric power, natural gas and emissions products and related derivative and option contracts in North America. The final purchase price was $86 million.

Michael Gooch, Chairman and Chief Executive Officer of GFI, said: "We are very pleased to welcome the talented team from Amerex. This acquisition is...

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