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Stock impact report

Marex Acquires Biofuels Company Dropet [Yahoo! Finance]

Marex Group plc - Ordinary Shares (MRX) 
Company Research Source: Yahoo! Finance
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 environmental products offering as it seeks to be a leading provider of environmental commodities and support clients with the transition to a low carbon economy. Marex has a strong track-record of acquiring businesses and enabling them to grow. Matthew Thistle, Marex's Global Head of OTC Energy, commented: “By extending our geographic footprint, our product range, and our client base, we further diversify the firm and strengthen our resi Show less Read more
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