Macquarie has reportedly purchased Cargrills petroleum business based out of Geneva.
As Macquarie is not a deposit taking organisation in the US, it has continued to grow its infrastructure and resources base as opposed to US based investment banks which have largely reduced their operations in these areas due to new regulatory measures.
- Transaction expected to be closed by years end
- No price disclosed or reported as yet.
- Transaction allows Macquarie to enter Geneva energy market which is seen as one of the global energy trading hubs.