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Marex agrees to buy Winterflood Securities from Close Brothers 

Professional Services Correspondent

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Trading firm Marex has agreed to buy Winterflood Securities from Close Brothers for nearly £104m.

Close Brothers is heavily exposed to the UK car finance scandal and has been seeking to boost its capital position. Last year, it agreed to sell its wealth management arm to Oaktree in a deal worth up to £200m.

James Booth

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