Imarex takes majority stake in Bravo Futures
Freight broker Imarex has exercised an option to take a majority stake in Italian forward freight agreement (FFA) brokerage Bravo Futures. Bravo will now be known as Imarex Italia.
Imarex Italia will continue to concentrate on dry and freight tanker derivatives, with a specific focus on the Mediterranean market.
“Access to our electronic trading and clearing systems has added a new dimension to the FFA market in the Med and we are confident that the full integration of Bravo Futures will not only boost our liquidity in that region but across other regions too,” says Herman Michelet chief executive of Imarex.
Through the stock option agreement with Imarex, Bravo Futures has
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