22.12.2014 - Citigroup Said to Buy Credit Suisse Energy, Metals Trading Book
Citigroup Inc.bought the bulk of Credit Suisse Group AG (CSGN)’s commodities business, continuing an expansion into a market as its biggest rivals retreat, according to two people briefed on the transaction. The purchase includes positions in base and precious metals, iron ore, coal, crude oil and oil products, U.S. and European natural gas, and freight, said the people, who asked for anonymity because the deal hasn’t been made public. Employees won’t change firms as a result, said the people, who didn’t provide details about the terms of the transaction...............................................Full Article: Source
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