StoneX to acquire French brokerage Plantureux

StoneX Group Inc. (NASDAQ:SNEX), a $4.36 billion market cap global financial services network with impressive year-to-date returns of 35.7%, has announced its subsidiary, StoneX Financial Europe GmbH, will acquire Plantureux et Associés, a Paris-based firm specializing in agricultural commodities. According to InvestingPro data, StoneX has demonstrated strong momentum with a 72.7% return over the past year. The deal aims to establish StoneX’s presence in the European grain market, with France being a leading producer.

The acquisition, pending regulatory approval and customary closing conditions, will leverage Plantureux’s nearly four decades of experience and its strong industry relationships in France. Ramon Martul, Chief Executive at StoneX Europe, emphasized the strategic importance of France in the agricultural value chain and the acquisition’s role in enhancing localized expertise for clients. The move comes as StoneX trades at an attractive P/E ratio of 14.87, suggesting reasonable valuation for its growth prospects.

Brett Phillpott, Head of Exchange Traded Futures and Options at StoneX, noted the move as a significant step in their European growth strategy, establishing a robust local presence in an essential market for grains and commodities. Liam Fenton, Global Head of Dairy and Food Group at StoneX, also highlighted the strengthened position in the European agricultural commodities market that the acquisition promises.

Xavier Durand-Viel, President of Plantureux, expressed anticipation for growth acceleration and the ability to better serve clients as part of StoneX’s global platform, while maintaining the local relationships and expertise that define their business.

This acquisition is part of a series of strategic investments by StoneX Group in Europe, including the recent expansion of its fixed income capabilities through the acquisition of Octo Finances SA earlier this year.

StoneX Group Inc., headquartered in New York City, serves a diverse client base across six continents, including commercial and institutional clients, as well as self-directed/retail accounts, through a network of over 80 offices. The information is based on a press release statement.

In other recent news, StoneX Group Inc. reported its second-quarter earnings for 2025, with earnings per share (EPS) of $1.41, surpassing the forecast of $1.34. Despite this earnings beat, the company faced a significant revenue shortfall, reporting $487.3 million against an expected $903.45 million. Jefferies analysts responded by raising StoneX’s price target from $83 to $102 while maintaining a Buy rating, attributing the strong performance to the Commercial and Institutional segments. The company’s net operating revenues exceeded Jefferies’ projections by $31 million, although this was partially offset by increased expenses due to variable compensation. StoneX’s net income for the quarter was $71.7 million, marking a 17% year-over-year increase in operating revenues to $956 million. The firm also highlighted strategic acquisitions, including RJ O’Brien and Benchmark Company, aimed at bolstering future growth. Analysts at Jefferies remain optimistic about StoneX’s market position and future prospects, despite the revenue miss.

Tags: France, StoneX, Plantureux