Finance
UK's Close Brothers to sell Winterflood to Marex for $140 million
Published by Global Banking & Finance Review®
Posted on July 25, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 25, 2025
1 min readLast updated: January 22, 2026
Close Brothers sells Winterflood to Marex for $140M, focusing on core lending. The deal, expected to close in 2026, values at 103.9 million pounds.
(Reuters) -British lender Close Brothers said on Friday it has agreed to sell market maker Winterflood Securities to financial services company Marex Group for approximately 103.9 million pounds ($140.20 million) in cash.
Close Brothers, which is streamlining its portfolio to focus on its core lending business, said it was the "right time" to sell Winterflood, a liquidity provider to over 500 stockbrokers, wealth managers, investors and other market participants.
The deal is expected to close in early 2026.
($1 = 0.7411 pounds)
(Reporting by Yadarisa Shabong in Bengaluru; Editing by Eileen Soreng)
Close Brothers is selling Winterflood Securities to Marex Group.
The deal is valued at approximately 103.9 million pounds, which is about $140 million.
Close Brothers is streamlining its portfolio to focus on its core lending business and believes it is the right time to sell Winterflood.
The deal is expected to close in early 2026.
Winterflood is a liquidity provider to over 500 stockbrokers and wealth managers.
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