Market Chatter: Marex in Discussions to Acquire Levmet

MT Newswires Live12-05 02:38

Marex Group (MRX) is in discussions to acquire metals and energy trader Levmet as part of its physical commodities expansion plans, Bloomberg reported Thursday, citing people with knowledge of the matter.

There is no guarantee that a deal will be finalized, the report said.

A deal would provide Marex access to physical metals and energy markets, positioning it to better compete with companies like StoneX (SNEX), according to Bloomberg.

Marex declined to comment while Levmet did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 37.49, Change: +0.49, Percent Change: +1.32

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment