Macquarie acquires Barclays US power trading book

Deal brings Australian bank deeper into North American energy markets

Electricity pylons

Macquarie acquired a US power trading book from Barclays in a deal the two banks reached earlier this month, sources say.

The deal marks the latest advance by Macquarie into North American energy markets, as a number of other banks retreat from commodities. Barclays announced in February that it was withdrawing from US and European electricity, and since then the bank is said to have been seeking a buyer for its US power trading book.

A source familiar with the transaction said the purchase

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: