From Yahoo Finance: 2025-03-24 12:09:00

Marex Group acquires Edgemere Terminals, unable to meet LME’s new capital rules. LME changes Edgemere’s address to Marex’s HQ in London. Edgemere and Marex decline to comment. LME raised capital requirements for warehouses to £5m from £1m, and insurance indemnity to £1m from £500k. Edgemere sought buyer, Marex steps in.

Marex CEO Ian Lowitt plans acquisitions to diversify company after strong results. Marex acquired ED&F Man Capital Markets in 2022 for $220 million. LME increased capital requirements and insurance indemnity after 2016 warehouse company bankruptcy. Marex aims to expand metals business, fixed income, and equities.

LME’s changes aim to prevent future warehouse bankruptcies. Marex’s acquisition of Edgemere aligns with its strategy to diversify business. Marex’s proactive approach to acquisitions reflects its commitment to growth and expansion in various markets. Marex’s purchase of Edgemere marks a strategic move in the warehousing and logistics sector.



Read more at Yahoo Finance: Marex Group acquires warehousing firm Edgemere Terminals, sources say