Oil Brokerage Acquires Blue Commodities
October 9, 2024
Oil Brokerage, a subsidiary of OTC Global Holdings, has acquired rival broker Blue Commodities to strengthen its physical oil broking capabilities. The deal folds Blue Commodities into Oil Brokerage and OTC Global Holdings, with Blue Commodities CEO Jon Pike becoming COO, Physical, and the target's leadership and desk heads remaining in place to preserve client relationships across Northwest Europe, the Mediterranean and West Africa.
- Buyers
- Oil Brokerage, OTC Global Holdings
- Targets
- Blue Commodities
- Industry
- Energy
- Location
- United Kingdom
- Transaction Type
- Buyout
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