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Commodities Briefing - Categorized | Trading more

A sea change in commodity trading

Posted on 05 October 2012

Commodity traders are bidding adieu to the good old days. The industry is racing to diversify its sources of funding and shed non-core assets. It’s like Goldman Sachs’s decision to go public in 1999 – a change in the business model.
Louis Dreyfus is typical. The family-owned French commodity dealer tapped the public debt markets for the first time in its 160-year history last month, raising $350-million (U.S.) to help fund new acquisitions. On Oct. 4, Dreyfus sold its energy trading arm. It will use the proceeds to help with its $70-billion spending plan over the next five years, according to the Financial Times………………………………………..Full Article: Source


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VRS - who has written 36568 posts on Opalesque Commodities Briefing.


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