PARIS, May 12 (Reuters) - U.S.-based StoneX Group ( SNEX )
said on Monday it has agreed to acquire French grain
brokerage Plantureux et Associes as it seeks to expand in
agricultural commodity markets in Europe.
The agreement also marks a further consolidation step for
financial services firm StoneX ( SNEX ) after its $900 million deal last
month to acquire futures brokerage R.J. O'Brien.
Plantureux is a leading futures and physical broker in
France, the European Union's largest grain-producing country and
home to Euronext's wheat futures market, an international price
benchmark.
Financial terms of the deal, which is subject to regulatory
approval, were not disclosed.
StoneX ( SNEX ) and Plantureux formed a partnership last December
covering clearing of derivatives.