ED&F Man has received "several unsolicited takeover approaches" and the board is considering them - spokesperson

X (ex-Twitter) @JavierBlas
Wednesday, November 22, 2023
Sugar, molasses and coffee trader ED&F Man said it has received several takeover approaches. The company “has received several unsolicited approaches,” according to a spokesperson. "ED&F Man Commodities had an excellent FY22-23 and continues to perform strongly, the spokesman said, adding, “Whilst it is very much business as usual, the board has a duty to consider what is in the best interests of all stakeholders and that is what it is doing”. The interest comes after Marex Group bought ED&F’s brokerage business for about $220 million last year as the group restructured after several years of losses.
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