Man Group mulling sale of newly bought Refco metals trading arm

Nov 14, 2005 | 09:26 AM | Paul Francis-Grey

Man Group Plc might sell the metals trading business that it acquired as part of its $323-million acquisition of Refco Inc.'s trading assets last week.

The London-based hedge fund and broker already has a London Metal Exchange ring-dealing company, therefore selling the Refco metals unit would help defray the cost of the other Refco entities it wants to keep, such as the U.S. futures business,....

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