Merrill Lynch snaps up Entergy-Koch Trading

EKT has not divulged the value of the sale, which is still subject to regulatory approval. However, David Trone, an analyst at financial group Prudential Financial, has valued EKT at around $1 billion. The transaction does not include the sale of the Gulf South Pipeline, which provides gas transportation and storage services. EKT is expected to auction this asset separately.

The purchase marks the latest in a series of attempts by Merrill Lynch to re-enter the energy trading market. The bank

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: