NEW YORK Feb 4 Mercuria Energy Trading has
hired Credit Suisse as part of its efforts to attract
institutional investors for a partial sale, the Financial Times
reported on Monday.
The independent Swiss-trading firm plans to remain private
for now, , but will likely seek between two and four
institutional investors, the FT reported on its website, citing
people familiar with the company's plan.
In late January, Mercuria President Marco Dunand said the
company was seeking to sell up to a fifth of itself to a
strategic investor within the next six months.
Credit Suisse declined to comment. Officials from Mercuria,
one of the world's top five energy traders, were not immediately
available for comment.
The firm's turnover was around $100 billion in 2012 and it
traded 156 million tonnes of crude oil and products. In 2011,
the revenue was around $75 billion and $47 billion in 2010.