Jan 17 Australia's Macquarie Bank
denied on Friday that it had bought the uranium trading desk of
Goldman Sachs after two trade sources said that the deal
had been completed.
"Macquarie denies the deal has been done," a spokesperson
for the Australian investment bank in London said.
Goldman put its uranium desk up for sale late last year. The
U.S. bank acquired the uranium desk in 2009 as part of a deal to
buy the London-based trading operation of Constellation Energy.
The U.S. investment bank held around $200 million worth of
low-grade uranium stocks late last year as part of its trading
operation, according to industry sources.
Goldman also has a marketing arrangement with AngloGold
Ashanti, South Africa's largest uranium producer, to
sell the uranium it produces as a by-product of its gold mining