Hartree announces deal to acquire ED&F Man Commodities

ED&F Man

Friday, August 2, 2024

Hartree Partners, LP (“Hartree”), a global energy and commodities trading company, today announced that it has acquired the majority of ED&F Man’s outstanding A2 and B1 Senior Secured Legacy Debt and entered into an exclusive agreement in respect of the acquisition of ED&F Man Commodities’ three business units Volcafe (coffee), ED&F Man Liquid Products (molasses, animal feeds and fish oil) and ED&F Man Sugar. ED&F Man is one of the world’s leading providers of soft commodities and logistics. The transaction is expected to close in 2025, subject to the receipt of required regulatory approvals and other closing conditions. In conjunction with the transaction, ED&F Man Commodities’ lenders are amending and extending ED&F Man Commodities’ three current cross-commodity facilities until March 31, 2026.

Click here to connect to the source of this storyClick here for more News and Views

As I browse the web researching various topics concerning the EU and UK sugar markets, I've been bookmarking interesting weblinks. Some of these are news clippings, some are links to official documents, and some are interesting data sources.

It's really easy (and anonymous) to subscrible to this EU and UK News & Views feed with RSS. Add this address to your favourite RSS reader:
https://www.julianprice.com/news-clippings/rss.xml

Disclaimer

This disclaimer is applicable to all content accessible via this website which, by accessing the website and/or subscribing and/or reading the occasional reports, we hereby deem you to have read and accepted in full: Any comments, opinions or data visualizations herein are not intended to be an offer to buy or sell commodities or futures and options thereon as they merely state our views and carry no guarantee as to their accuracy. We make no representation or warranty whatsoever that the information contained herein is accurate, complete, fair or correct. All information, prices or projections are subject to change without notice. This information is not intended to be construed as investment advice. We do not accept any liability or loss or damage arising from any inaccuracy or omission in or the use of or reliance on the information herein.