Mercuria says could consider IPO in 2-3 years

LONDON Thu May 27, 2010 11:50am EDT

LONDON (Reuters) - Mercuria Energy Trading may consider an initial public offering of shares in the next two to three years, Chief Executive and co-founder Marco Dunand told Reuters Insider TV on Thursday.

Speaking in an Insider interview as part of the Reuters Global Energy Summit, Dunand said Mercuria, one of the world's top five oil traders, did not need additional capital now.

But he said the Geneva-based company might look at raising money later, particularly if that allowed it to purchase assets that it could not otherwise afford.

"It is quite likely that, give it two or three years' time, we may want to look at going public," Dunand said.

(Reporting by Christopher Johnson; editing by Anthony Barker)

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