Marex Group plc (MRX) has agreed to acquire UK equity market maker Winterflood Securities from Close Brothers Group plc for approximately £103.9 million in cash, reflecting a premium of £15 million.
This acquisition is set to strengthen Marex Group Limited’s existing UK cash equities business by adding new clients and capabilities, supporting the diversification of earnings.
The agreement is pending regulatory approval and is expected to close in early 2026.
Ian Lowitt, Chief Executive Officer of Marex Group, stated: “This acquisition gives us an opportunity to transform our existing equity market making business into a leading franchise, utilising the technology and connectivity of what is the leading brand in this market.”
