Marex Agrees to Buy ED&F Man Brokerage in Global Expansion
- Deal is one of final steps in restructuring of ED&F Man
- Marex has been expanding its business over past few years
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Marex Group will buy ED&F Man Holdings Ltd.’s brokerage business, cementing its position as one of London’s largest commodities dealers and expanding its business in the US.
The acquisition of ED&F Man Capital Markets is expected to close by the end of the year, the companies said in a statement Monday. The deal is valued at $220 million, according to people familiar with the matter who asked not to be identified discussing private information.