You are here: Home » Reuters » News
Business Standard

Exclusive: China's Fosun in talks to buy commodity broker Marex Spectron - sources

Reuters  |  LONDON 

By Eric Onstad and Pratima DesaiLONDON (Reuters) - Chinese conglomerate Fosun International Ltd is in discussions to buy British-based commodities broker Marex Spectron, two industry sources said.The deal to buy privately-owned Marex would expand the portfolio of Fosun, one of China's most acquisitive overseas dealmakers, in both financial services and commodities, of which China is the world's largest consumer and producer.Fosun already owns iron ore, steel and oil companies.Fosun declined to comment.A spokesman for Marex said: "Marex Spectron is a profitable and successful business and such ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, September 12 2018. 21:15 IST
RECOMMENDED FOR YOU