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Update: Market Chatter: Macquarie Group Mulls Acquisition of Physical Metals Trading Businesses

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(Updates to add Macquarie Group's response to' request for comment)

Macquarie Group (ASX:MQG) recently held discussions to acquire at least two physical metals trading businesses, including Cargill's ferrous metals subsidiary and concentrates trader Transamine, Bloomberg reported Tuesday, citing sources familiar with the matter.

Macquarie evaluated an outright acquisition of Transamine and also weighed a potential joint venture, but the talks have closed for the time being, according to the report. Meanwhile, the company is the leading bidder for Cargill's ferrous metals unit, and those discussions have reportedly reached an advanced stage.

Macquarie Group declined to comment on the matter in response to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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