Mercuria Energy Group
| Mercuria Energy Group Holding SA | |
|---|---|
| legal form | Corporation |
| founding | 2004 |
| Seat | Geneva , Switzerland |
| management | Marco Dunand ( CEO and Chairman of the Board ) |
| Number of employees | 1,000 |
| sales | 122 billion US dollars (2018) |
| Branch | Mineral oil trade |
| Website | www.mercuria.com |
The Mercuria Energy Group Holding SA , based in Geneva, is a Swiss oil trading company . It is the trading unit in Cyprus domiciled Mercuria Energy Group Ltd .
The company was founded in 2004 by the two Swiss commodity traders Marco Dunand and Daniel Jaeggi. They merged a team specializing in commodities trading on Wall Street with J&S Services & Investment Ltd , founded in 1993, and relocated their trading activities to Geneva.
The group of companies mainly trades in petroleum products , but has also expanded its trading activities to include electricity , natural gas , coal and emissions trading .
Mercuria is wholly owned by its founders and management. In 2013, it had around 1,000 employees and generated sales of 112 billion US dollars.
In 2013, Mercuria bought JPMorgan Chase's raw materials division for $ 3.5 billion .
In 2016, ChemChina takes a 12 percent stake in Mercuria. In April 2018 it was announced that ChemChina wanted to increase its stake in the company.
Web links
Individual evidence
- ↑ http://www.mercuria.com/about-us
- ↑ http://www.mercuria.com/
- ↑ n-tv news television: JP Morgan sells raw materials business . In: n-tv.de . ( n-tv.de [accessed on October 6, 2017]).
- ↑ This is how hungry the potential Syngenta buyer ChemChina is In: handelszeitung.ch , January 18, 2016, accessed on April 16, 2018.
- ↑ ChemChina purchases from Mercuria In: handelszeitung.ch , April 16, 2018, accessed on April 16, 2018.