Articles tagged Europe

Adding its name to the growing list of companies that have exited the North American energy marketing and trading function, German super-utility RWE AG said Tuesday that RWE Trading Americas -- a subsidiary of RWE Trading GmbH -- will exit the market before the end of the year.

U.S.-based IntercontinentalExchange's (ICE) takeover of Europe's International Petroleum Exchange is basically a done deal, with approval of 89.6% of the shares. As of June 15, ICE's financial adviser, Goldman Sachs, had received 10.25 million shares of acceptance, and with 90% or more of IPE shares in hand, ICE may exercise its right to acquire the rest of the outstanding shares.