Tullett Prebon acquires Primex

Interdealer broker Tullett Prebon is to acquire petroleum products broker Primex, formerly known as Amerex Europe, which handles over-the-counter (OTC) transactions for financial institutions and energy companies in crude oil, middle distillates (gas oil, gas oil cracks and jet fuel) and fuel oil markets.

The acquisition is expected to complement Tullett Prebon's current activities, which are focused primarily on power and gas products. "While we offer some oil products, we're not currently invol