Hartree Is in Talks to Buy Commodity Trader ED&F Man

Bloomberg

Monday, May 6, 2024

ED&F Man, a storied UK commodities trader that traces its history back more than 240 years, is in talks to be taken over by US energy firm Hartree Partners LP, according to people familiar with the matter. A potential deal would come after Hartree bought a significant amount of ED&F Man’s more than $1 billion in debt, said the people, who asked not to be identified because the talks are private. Discussions between Hartree, founded by ex-Goldman Sachs Group Inc. energy traders, and ED&F Man are ongoing and no final decision has been made, the people said.

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