StoneX Group (SNEX) announced that its wholly owned subsidiary, StoneX Financial Europe, has entered into a definitive agreement to acquire Plantureux et Associes, a Paris-based brokerage firm specializing in agricultural commodities across both the physical and derivatives markets. The acquisition will provide StoneX with a strategic foothold in the French agricultural commodities market – Europe’s leading grain producing region. With nearly 40 years of experience in agricultural commodities, Plantureux is a respected intermediary in the French cereal market, known for its deep knowledge of the industry and its strong relationships between both buyer and seller. Completion of the acquisition is subject to regulatory approval and customary closing conditions. This acquisition follows a series of strategic investments by StoneX Group in Europe. Earlier this year, StoneX Group expanded its fixed income capabilities in Europe through the successful acquisition of Octo Finances SA.

Protect Your Portfolio Against Market Uncertainty

Discover companies with rock-solid fundamentals in  TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty,  delivered straight to your inbox.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See the top stocks recommended by analysts >>

Read More on SNEX:

Disclaimer & DisclosureReport an Issue

StoneX Group Inc. Reports Strong Q2 Financial Results StoneX Group’s Earnings Call Highlights Robust Growth StoneX Group reports Q2 EPS $1.41, one estimate $1.44 SNEX Upcoming Earnings Report: What to Expect? StoneX receives CME approval for precious metals vault in New York

View Comments