Close Brothers Group (LSE:CBG) has agreed to sell its execution and securities arm, Winterflood Securities, to Marex Group for approximately £103.9 million in cash. The transaction, expected to close in early 2026, marks a key strategic shift as Close Brothers aims to streamline its operations and sharpen its focus on core lending services. The divestment is also set to strengthen the group’s Common Equity Tier 1 capital ratio, enhancing its financial resilience.
For Marex, the acquisition represents a significant opportunity to scale its equity market-making business by integrating Winterflood’s robust technology infrastructure and well-established client relationships. The deal supports both parties’ long-term growth strategies and reflects broader consolidation trends in the financial services sector.
Close Brothers is experiencing positive momentum from technical and corporate developments, suggesting a bullish trajectory. However, ongoing challenges in financial performance and valuation—particularly a negative price-to-earnings ratio—underscore the need for continued operational discipline and strategic focus.
About Close Brothers Group
Close Brothers Group is a prominent UK-based merchant banking group, providing a range of services including lending, deposit-taking, and securities trading. With a workforce of around 3,000 employees across the UK and Ireland, the company is listed on the London Stock Exchange and is a constituent of the FTSE 250 index.
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