NasdaqGS:MRXCapital Markets
Marex Group’s Levmet Deal Deepens European Energy Trading And Earnings Mix
Marex Group (NasdaqGS:MRX) has agreed to acquire Levmet to expand its footprint in European power and gas trading.
The deal adds Levmet's physical and derivatives trading capabilities to Marex's existing commodities platform.
The acquisition is intended to broaden Marex's earnings base by adding new products and regional exposure.
Marex Group, trading at around $51.0, has had a mixed recent run, with the stock down 6.0% over the past week and down 2.8% over the past month, while still up...