StoneX expands its commodity trading business with the acquisition of Cotton Distributors Inc.

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Adds physical cotton trading capabilities to StoneX and the ability to offer combination products to CDI’s global customer base

Increases StoneX’s business footprint in Brazil and physical footprint in continental Europe with a new presence in Swiss

LAUSANNE, Swiss and Sao Paulo, Brazil, November 01, 2022 (GLOBE NEWSWIRE) — StoneX Group Inc. (“StoneX” or “the Company”) today announced that it has expanded its cotton trading and hedging capabilities through the acquisition of CDI-Société Cotonnière De Distribution SA (“Cotton Distributors Inc.” or “CDI” ).

Founded in 1957, CDI operates a global cotton trading business with a strong network of growers in Brazil and West Africa, and buyers in the APAC region. CDI is headquartered in Lausanne, Swiss with an office Brazil. CDI has a proven track record of opening up new outlets for cotton and has been marketing cotton from these geographies for over 20 years.

Fabio SolferiniCEO of StoneX Brazil, said, “CDI’s strong history and market presence make it an ideal solution for StoneXespecially in Brazil which is on the way to becoming the leading cotton producing market. This transaction brings additional value to StoneX’s commodities trading business through greater access to established and emerging markets, enhanced trading and hedging capabilities and an experienced team of industry professionals.

Laurent Peyre, CEO of CDI said, “Joining StoneX will give CDI clients access to an extensive global network of trading and hedging services, backed by a well-established brand. The CDI is proud to join the StoneX Group. We are excited about this new era for our business and for our customers who will continue to receive the same level of quality service. Mr. Peyre stay with StoneX.

Sean O’ConnorCEO of StoneX commented, “StoneX is committed to identifying opportunities and strategic investments that generate growth for our business and value for our customers and investors. We are pleased to welcome CDI and its employees to StoneX Group and look forward to their contributions to these commitments.

StoneX offers a comprehensive portfolio of products and services to meet the commodity risk needs of corporations, traders and cooperatives globally. The primary function of StoneX Cotton Specialists is to help customers gain price exposure in the world of physical commerce. StoneX’s Integrated Risk Management Program (IRMP) enables the company to become more engaged with customers and their needs. Through the use of exchange-traded futures and options, as well as over-the-counter products, StoneX can customize risk management plans for its clients. Thanks to its Market Intelligence platform, StoneX provides comprehensive data and commentary covering commodity segments both globally and regionally.

The acquisition was completed on October 31. Financial terms of the transaction were not disclosed.

About StoneX Group Inc.

StoneX Group Inc., through its subsidiaries, connects its clients to global markets across a wide range of asset classes – providing execution, post-trade settlement, clearing and custody services through a trusted partner. Clients use its global financial services network to seek out business opportunities, make investments, manage market risk and improve performance. A publicly traded company (NASDAQ:SNEX) headquartered in New York City, StoneX Group Inc.and its 3,300 employees, serve more than 52,000 global commercial, institutional and payment customers, and 370,000 active retail accounts, from more than 40 offices across five continents.

For more information on StoneXplease visit: https://www.stonex.com/

MEDIA CONTACT

Brian BertschCommunications Director, StoneX Group Inc.
+1 201-679-5883
[email protected]

INVESTOR RELATIONS

Kevin MurphyCorporate Treasurer
[email protected]

SNEX-G

Forward-looking statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, such as those relating to acquisitions or other transactions undertaken by the Company and the financial condition, results of operations, business strategy and financial needs of the Company. These statements may include references to the potential benefits of such acquisitions or other transactions, plans relating to the expansion of products or services or the development of new geographic markets, or other similar statements. All statements other than statements of current or historical facts contained in this press release are forward-looking statements. The words “believe”, “expect”, “anticipate”, “should”, “plan”, “will”, “may”, “could”, “intend”, “estimate”, ” predict”, “potential”, “continue” or the negative of these similar terms and expressions, with respect to StoneX Group Inc.are intended to identify forward-looking statements.

These forward-looking statements are largely based on current expectations and projections regarding future events and financial trends that could affect the financial condition, results of operations, business strategy and financial needs of the Company. They may be affected by inaccurate assumptions, including the risks, uncertainties and assumptions described in the documents filed by StoneX Group Inc. with the Security and Exchange Commission, including the risks set forth under “Risk Factors” in the company’s most recent annual report on Form 10-K and, to the extent applicable, subsequent quarterly reports on Form 10-Q. In light of these risks, uncertainties and assumptions, the forward-looking statements contained in this press release may not occur and actual results could differ materially from those anticipated or implied by the forward-looking statements. When considering these forward-looking statements, you should keep in mind these risk factors and other cautionary statements in this press release.

These forward-looking statements speak only as of the date of this press release. StoneX Group Inc. does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

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Source: StoneX Group Inc.

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