Reported about 10 hours ago
Hartree Partners, a global commodities trader, is reportedly in negotiations to acquire French cocoa and coffee trader Touton, which holds a significant share of the global cocoa market. The cocoa industry is currently facing challenges due to adverse weather conditions and rising prices, prompting independent firms like Touton to consider strategic options. Despite Touton's recent profitability, the volatile market has made financing difficult, leading banks to favor companies with greater financial backing. The ongoing discussions suggest potential for a deal if the terms are favorable.
Source: YAHOO