Marex Group has acquired Edgemere Terminals, a warehousing and logistics company, according to sources familiar with the matter. This acquisition comes as Edgemere Terminals reportedly lacked the necessary funds to comply with the London Metal Exchange's new capital adequacy rules.
The strategic move is evidenced by the change of address for Edgemere Terminals to 155 Bishopsgate, London, which is Marex's headquarters. This indicates a full integration of the acquired entity into Marex's operations.
The acquisition allows Marex to expand its capabilities in the warehousing and logistics sector, particularly in the commodities market. This move helps Marex consolidate its position and potentially mitigate risks associated with counterparties facing regulatory capital challenges.
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