Macquarie Bank buys ZCM ag risk unit

24 Mar 2003

Australia's Macquarie Bank has purchased Zurich Capital Market (ZCM)'s international agricultural commodities business after ZCM decided to exit the market.

ZCM's book had underlying transactions with a face value of $44.5m. Peter Thomas, head of Macquarie Agricultural Commodities told FO Week the deal represented only...

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