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INTL FCStone to acquire 2 European online precious metals providers

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INTL FCStone to acquire 2 European online precious metals providers

INTL FCStone Inc. unit INTL Netherlands BV agreed to acquire CoinInvest GmbH and European Precious Metal Trading GmbH.

CoinInvest GmbH and European Precious Metal Trading GmbH are European online providers of gold, silver, platinum and palladium products to private individuals, institutional investors and financial advisers.

The deal is expected to close at the beginning of April.

INTL FCStone Ltd.'s precious metals unit provides clients with full-service trading capabilities and global access to metals markets through offices in London, Singapore, Shanghai and Dubai.