Deals
Commodities Trader ED&F Man in Talks to Sell Brokerage Business
- Marex has made an offer for ED&F Man Capital Markets unit
- London-based ED&F Man is focusing on its core trading business
Photographer: Marlene Awaad/Bloomberg
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ED&F Man Holdings Ltd. is in talks to sell its brokerage unit as the commodities trader best known for hauling sugar and coffee seeks to turn its business around, according to people familiar with the matter.
The London-based trader already has an offer for its ED&F Man Capital Markets unit from rival brokerage Marex Group, said the people, who asked not to be named because the discussions are private. The company has also held talks with Prudential Financial Inc. and no final decision has been made, the people said.