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Stock impact report

Marex Acquires Biofuels Company Dropet

Marex Group plc - Ordinary Shares (MRX) 
Company Research Source: GlobeNewswire
LONDON, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Marex Group Plc (NASDAQ: MRX), the diversified global financial services platform, today announces the completion of its acquisition of Dropet, a Spanish biofuels company, expanding its range of renewables products as it continues to grow its global environmental products business. The acquisition is aligned with Marex’s strategy to diversify its business and increase earnings resilience. Dropet offers execution services for both physical and paper biofuels products across Europe, Latin America, the Middle East and Africa. It has more than 18 years’ experience in physical ethanol and related biofuel products, as well as exchange-traded ethanol products. It also operates a successful annual biofuels conference. Acquiring Dropet gives Marex additional capabilities in physical biofuels products and a high-quality, experienced team. It is aligned with Marex’s strategy to increase the scale, diversification and global footprint of its envir Show less Read more
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