Stonex Group said on Monday that it had agreed to obtain a deal to obtain the French Planux Et Associés, which enhances its position in the European agricultural commodity market.
Stonex, Stonex Financial Eurupe GmbH, will witness the Paris -based company.
Plantureux et asshés, with nearly four decades of expertise in agricultural commodities, is seen as a firm broker in the French subordinate market.
The company operates through the material and derivative markets, and it is known for its experience in the deep industry and strong customer relationships.
Stonex believes that the acquisition will provide it with a strategic foothold in France-the largest pills producing country in Europe-and to enhance its ability to provide topical services.
“As the largest grain producer in Europe, France is a decisive link in the global agricultural value chain,” said Ramon Martol, CEO of Stonex Europe. “This acquisition will enhance our ability to provide topical experience and serve the high touch of our customers.”
Brett Philippot, President of ExchandE Trade Futures and Options at Stonex, launched the step “basic step in our European growth strategy.”
“This deal enhances our ability to serve customers while maintaining local relationships and expertise that define our business,” said Kazavier Durand Phil, President of Plantureux Et Associés.
The deal follows the last Stonex acquisition of Octo Finances SA, part of a wider batch to expand its European operations.