Refco pays $208m for Cargill Investor Services

27 Jun 2005

Global brokerage giant Refco has made an upfront payment of $208m for the international brokerage operations arm of risk management services specialist Cargill. The deal will also see Refco potentially pay between $67m and $192m extra, depending on the performance...

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“One of our key predictions for 2011 was that geopolitical tensions will simmer more vigorously this year, particularly in the context of a market in which incremental non-Opec volumes are becoming more difficult to bring on stream and in which Opec spare capacity gets more noticeably stretched.”

BarCap's 2011 oil outlook looks increasingly accurate.