Mercuria Eyes SWF Tie-Up To Raise Funds

Independent energy trading companyMercuriais planning to raise capital,Reutersreports. The company is considering a possible tie-up with a sovereign wealth fund as one of the ways to raise the capital.

Mercuria has received interest from potential investors, including sovereign funds, who may offer a private equity type of investment in it. The company, which trades oil, gas, coal and a range of derivatives, expects to have a turnover of around $70 billion in 2011.

Click here for the story fromReuters.