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BTCC / BTCC Square / Global Cryptocurrency /
Close Brothers Sells Winterflood Securities to Marex for £103.9 Million

Close Brothers Sells Winterflood Securities to Marex for £103.9 Million

Author:
Global Cryptocurrency
Published:
2025-07-25 09:39:01
21
3
BTCCSquare news:

Close Brothers Group plc has agreed to divest Winterflood Securities, its execution services and securities business, to Marex Group plc in a cash deal valued at approximately £103.9 million. The transaction aligns with Close Brothers' strategic shift toward simplifying its portfolio and focusing on Core lending activities.

Completion is anticipated by early 2026, pending regulatory approvals. Mike Morgan, CEO of Close Brothers, emphasized the sale as a pivotal step in streamlining operations, following the earlier divestiture of CBAM in February 2025. Marex CEO Ian Lowitt framed the acquisition as a transformative opportunity to elevate its equity market-making capabilities.

|Square

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