| Former Wall Street banker buys Phibro from Occidental Petroleum-FT | |
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Jan 26 (Reuters) - A partnership founded by Simon Greenshields, former global co-head of commodities at Morgan Stanley, has bought Phibro LLC from Occidental Petroleum Corp, the Financial Times reported. "Phibro at one point was the largest physical commodity merchant in the world... we can get their business back on track and return Phibro to a position of strength," Greenshields told the FT. Greenshields refused to disclose terms of the deal, the FT reported. (http://on.ft.com/201NCB5) Energy Arbitrage Partners, started by Greenshields, has acquired Phibro's name, intellectual property, information technology, customer base and historical data, according to the report. Occidental wound down Phibro, once a powerhouse in global oil markets, in December 2014 by laying off some U.S. employees and pursuing a sale of some overseas operations. Phibro, which was born as metals and grains trader Philipp Brothers in 1901, was once a powerhouse in global oil markets, owning a string of U.S. refineries and routinely shipping millions of a barrels of oil around the world. Occidental was not immediately available for comment. (Reporting by Manish Parashar in Bengaluru; Editing by Shounak Dasgupta)
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Occidental Petroleum est une société de production minière de pétrole basée aux Etats-Unis D'Amerique. Occidental Petroleum est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 51,8 milliards US$ (48,4 milliards €). La valeur de son action a atteint son plus haut niveau récent le 16 mars 2012 à 99,99 US$, et son plus bas niveau récent le 16 octobre 2020 à 10,00 US$. Occidental Petroleum possède 764 580 032 actions en circulation. |