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INTL FCStone unit to acquire Germany-based Giroxx

INTL FCStone Inc.'s London-based subsidiary, INTL FCStone Ltd., has agreed to acquire Germany-based Giroxx GmbH.

Closing is subject to approval of Bundesanstalt für Finanzdienstleistungsaufsicht, or BaFin.

Giroxx provides online payment and foreign exchange hedging services to small and medium-sized enterprises in Germany, Austria and Switzerland.

This purchase completes a series of acquisitions and company restructuring to ensure that all clients of INTL FCStone Ltd are secure with their continuity of service and market access, and are 100% unaffected by Brexit, the company said in a news release.