RJO acquires majority stake in Iowa Grain

27 Jul 2007

RJ O’Brien (RJO) has taken a majority stake in Iowa Grain Company with a view to look towards further acquisitions in the future.

Executives from RJO, which itself sold off a majority stake in May to two private equity firms, told FO Week that the deal combines two similar firms and expands its commodities brokerage...

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“A lot of banks have spent a lot of money calculating the cheapest way to collateralise their positions, and they’ve hired some very bright mathematicians to do it. Why would they gamble all of that by using the cheapest clearing house?”

Senior rates players believe fears of a race to the bottom among clearing houses has been overstated.