StoneX acquires cotton merchant CDI to expand commodities trading

StoneX Group Inc.

Acquired CDI-Societe Cotonniere de Distribution S.A., a Switzerland-based cotton merchant founded in 1957.
Deal closed October 31, 2022; financial terms not disclosed.
Adds physical cotton trading capabilities and expands StoneX's footprint in Brazil and Continental Europe.
CDI CEO Laurent Peyre will remain with StoneX post-acquisition.
CDI brings strong producer network in Brazil and West Africa and buyer base in APAC region.

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