Marex Expands into Brazilian Agriculture with Acquisition of Agrinvest Commodities
Financial services platform Marex Group plc has acquired Brazilian agricultural commodities firm Agrinvest Commodities.
The acquisition will enable Marex to deepen its presence in Latin America by adding physical commodity services in Brazil to its already established derivatives operations in the country. Agrinvest specializes in connecting buyers and sellers of agricultural products such as corn and soybeans and offers strategic consulting on hedging and commercial positioning.
Agrinvest has a client base of approximately 1,300 and a team of 100 employees.
The financial terms of the deal were not disclosed.
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