Fimat Group, a global brokerage organization and part of Socit Gnrale group, has signed a final asset purchase agreement with Himawari CX, Inc., a Japanese commodity futures commission merchant and a subsidiary of Himawari Holdings Inc.
This acquisition will strengthen Fimat’s presence in Asia’s largest commodities marketplace and widen its product offering and market coverage.
In 2006, Fimat increased its volumes on commodities markets worldwide by 77 percent compared with 2005, raising its commodities market share from 7.8 percent to 9.6 percent.
Himawari CX Inc.’s memberships on the Tokyo Commodity Exchange (TOCOM), Tokyo Grain Exchange (TGE) and Central Japan Commodity Exchange (C-COM) will be transferred to Fimat Japan Inc.