Marex Group acquires UK cobalt trader Darton Commodities

LONDON, April 14 (Reuters) - Marex Group MRX.O has bought UK-based Darton Commodities, a trader of cobalt metal used to make aerospace and military equipment, the financial services firm told Reuters on Monday, declining to give further details.

Two sources familiar with the matter said the transaction completed in March, but they did not know how much commodity broker Marex paid for Darton or exactly when the deal was agreed.

However in its preliminary first quarter results published on April 2, Marex said a "bargain purchase gain is expected to be recognised as a result of the group's acquisition" of Darton.