StoneX acquires CDI-Société Cotonnière de Distribution

On 1 November 2022, StoneX Group Inc., a U.S. company listed on Nasdaq, announced that it has expanded its cotton trading and hedging capabilities through the acquisition of the Lausanne-based CDI-Société Cotonnière de Distribution S.A. (CDI). Founded in 1957, CDI operates a global cotton merchant business with a strong network of producers in Brazil and West Africa, and buyers in the Asia-Pacific region.

Lenz & Staehelin advised CDI's sole shareholder and seller.