18.04.2013 - Commodities traders brace for transparency while staying private
Commodity traders expect the industry to become more transparent amid the rising need for financing and regulatory pressure, even as some merchants remain closely held, company executives said. Physical commodity traders raised $19.9 billion in equity and debt last year, up from $10.6 billion in 2010 and $1 billion in 2002, according to First Reserve Corp., a private equity energy firm. Senior executives at Cargill Inc., the largest closely held U.S. company, and Trafigura Beheer BV, which buys and sells oil and other commodities, said trading companies characteristic secrecy will probably diminish over time as they tap capital markets to grow their businesses.......................................Full Article: Source
Print