The New York Mercantile Exchange (NYMEX) acquired 15.1% of Imarex, a Norway-based freight and power exchange, for US$52-million via a purchase of the shares of the founding shareholder of the latter, Bermuda-based crude oil tanker firm Frontline.
The deal, which was announced on Nov. 12, 2007, is in line with NYMEX European expansion strategy, with freight derivatives complementing its established energy market products.
Posts
No comments:
Post a Comment