The Marex Group has announced that it has agreed to obtain Commodities Agrinvest, a Brazilian agricultural company.
It is said that this step aims to enhance the presence of the company in the Americas and expand its capabilities in the markets of material commodity.
Agrinvest, based in Brazil, works as a mediator in agricultural markets such as corn and soybeans, while providing consulting services to help customers manage hedge and commercial risk strategies.
The acquisition will add approximately 1,300 customers and 100 employees to Marex operations.
“Brazil is a producer of the important global commodities worldwide and is a country where we look forward to expansion,” said Marik CEO Ean Luet. “Agrinvest partners have built impressive work, and we see great potential to support their future growth throughout Brazil.”
The acquisition is the entry of Marex to the area of Brazilian material commodities, which complements its current derivatives in the region.
“The addition of Agrinvest enhances our agricultural business and expands our capabilities, allowing us to expand in one of the most dynamic agricultural markets in the world,” said Ram Vital, CEO of The Americanas AT Marex.
“As part of Marex, we will have the support we need to expand our business and services that we can provide to our customers in this exciting region, as well as in other countries,” said Benedito Joy Gay Nito, CEO of Agrinvest: