Marex Group plc completes acquisition of Spanish biofuels company Dropet to expand renewables products
Acquiring Company
Marex Group plc
Acquired Company
Drop
LondonEnergyFinancial ServicesFinanceFintechCryptocurrencyLendingConsultingE CommerceDescription
Marex Group plc, a diversified global financial services platform, has completed the acquisition of Dropet, a Spanish biofuels company. This acquisition expands Marex’s range of renewables products and aligns with its strategy to grow its global environmental products business, increase earnings resilience, and be a leading provider of environmental commodities.
Quick answer
Marex Group plc is acquiring Drop, announced October 1, 2024. Marex Group plc is based in London, England, United Kingdom.
- How much did Marex Group plc pay for Drop?
- The deal value was not disclosed.
- What does Marex Group plc do?
- Marex Group plc is a diversified global financial services platform providing essential liquidity, market access, and infrastructure services to clients across energy, commodities, and financial markets.
- Where are Marex Group plc and Drop based?
- Marex Group plc is based in London, England, United Kingdom.
- Who are the decision-makers at Marex Group plc?
- Fundz holds 1 contact at Marex Group plc. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Drop?
Drop was acquired by Marex Group plc, based in London. The deal was reported on October 1, 2024. Marex Group plc is a diversified global financial services platform providing essential liquidity, market access, and infrastructure services to clients across energy, commodities, and financial markets. Marex Group plc is publicly traded (MRX) and operates in Energy.
When did Marex Group plc acquire Drop?
Marex Group plc's acquisition of Drop was reported on October 1, 2024. Marex Group plc, a diversified global financial services platform, has completed the acquisition of Dropet, a Spanish biofuels company. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Drop do?
Dropet is a Spanish biofuels company offering execution services for both physical and paper biofuels products across Europe, Latin America, the Middle East, and Africa. With over 18 years’ experience, it also operates a successful annual biofuels conference. It is privately held, operating in E Commerce.
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