Marex Expands into Abu Dhabi with Aarna Capital Acquisition to Boost Middle East Presence, Financial Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
Marex Group plc is acquiring Aarna Capital to expand its presence in the Middle East, particularly in Abu Dhabi. This acquisition aims to enhance Marex's clearing business and client base, with expected earnings accretion from 2025. The deal is set to close in late 2024, pending regulatory approval.
October 02, 2024 | 11:03 am
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Marex Group's acquisition of Aarna Capital will expand its Middle East operations, expected to be earnings accretive from 2025. The deal enhances Marex's client base and capabilities, aligning with its growth strategy.
The acquisition of Aarna Capital by Marex Group is a strategic move to enhance its presence in the Middle East, particularly in Abu Dhabi. This aligns with Marex's strategy to broaden its client base and diversify operations. The acquisition is expected to be accretive to earnings from 2025, indicating a positive impact on Marex's financial performance. The deal also provides Marex with access to Aarna Capital's 180 local clients, enhancing its market reach and capabilities.
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