TipRanks
Tue, May 13, 2025, 8:18 AM 1 min read
In This Article:
StoneX Group (SNEX) announced that its wholly owned subsidiary, StoneX Financial Europe, has entered into a definitive statement to get Plantureux et Associes, a Paris-based brokerage steadfast specializing successful cultivation commodities crossed some the carnal and derivatives markets. The acquisition volition supply StoneX with a strategical foothold successful the French cultivation commodities marketplace – Europe’s starring atom producing region. With astir 40 years of acquisition successful cultivation commodities, Plantureux is simply a respected intermediary successful the French cereal market, known for its heavy cognition of the manufacture and its beardown relationships betwixt some purchaser and seller. Completion of the acquisition is taxable to regulatory support and customary closing conditions. This acquisition follows a bid of strategical investments by StoneX Group successful Europe. Earlier this year, StoneX Group expanded its fixed income capabilities successful Europe done the palmy acquisition of Octo Finances SA.
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