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Sage Refined Products acquires 55% stake in broker Liquidity Partners
HOUSTON, April 5, 2017 (PCW) -- Commodities broker Sage Refined Products has acquired a 55% stake in Liquidity Partners brokerage for an undisclosed amount, the former company said Wednesday.
The deal closed March 31.
Liquidity said the deal would allow it to acquire and retain talent.
LP was founded in 2003 and has six commodities brokers working the US naphtha, aromatics, olefins and products derivatives markets.