MAREX group reaches agreement to acquire Spectron Group
Marex Group Limited (”Marex”), the international broker of commodity derivatives, financial futures and foreign exchange, which is majority-owned by JRJ Group (”JRJ”) and its partners, Trilantic Capital Partners and BXR Group, today announces that it has reached agreement with Imarex ASA to acquire its 100% holding of Spectron Group Limited (”Spectron”) for approximately $154.1 million.
Operating from offices in London, Continental Europe, Asia and the US, Spectron is a leading global broker of wholesale energy and other commodity products. Spectron provides electronic and voice brokerage services for a diverse range of mainly Over-the-Counter (”OTC”) markets, including gas, power, environmental products, freight, crude oil and related products, coal, weather and metals. Spectron’s broad client base includes traders and risk managers within large oil and gas corporations, energy utilities, commodities firms, financial institutions and charterers. The transaction is subject to FSA approval in the UK and expected to close in the second quarter of 2011.