Shell Energy Europe acquires Morgan Stanley’s European gas and power trading book
Jul 10, 2015
Shell Energy Europe Ltd. (Shell) has signed a binding sales and purchase agreement for Morgan Stanley & Co. International plc’s European gas and power trading portfolio. Comprising predominantly physical and financial gas and power trades, the deal further expands Shell’s activities in core energy markets across Europe.
Slavko Preočanin, President of Shell Energy Europe, said: “This acquisition builds on Shell Energy Europe’s proven trading capabilities, deep market knowledge and diverse portfolio, all of which allows us to offer value to our customers. Our traders have decades of experience dealing with multiple commodities across a variety of markets using physical as well as financial products. This provides innovative solutions for customers to deliver a reliable source of energy, and also to manage the price risk inherent in global commodity markets.”
With capability in 20 European countries, Shell Energy Europe is one of the most competitive and innovative marketers and traders of energy commodities. Shell Energy Europe’s scale and strong relationships with existing counterparties were key elements of the company’s ability to acquire Morgan Stanley’s entire European gas and power trading portfolio.
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Shell Energy Europe Ltd
Shell Energy Europe Ltd is one of the major energy supply businesses and a leading marketer and trader of energy commodities, including gas, power and CO2. Shell Energy Europe’s trading office is in London. It was formed from the merger of Shell’s gas marketing and trading business in 2009, and leverages the integration of these capabilities to offer “Energy Solutions for Your Business” to customers, including Pan-European energy-intensive industries; commodity trading companies; energy production companies; energy retail companies; energy asset investors and financial institutions; power producers and storage and transport providers.
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