Addax Energy Traders Would Fit in Bigger Firm, Gandur Tells NZZ

Addax & Oryx Group’s founder and Chief Executive Officer Jean Claude Gandur said it would be appropriate for his traders to be part of a larger firm as he is no longer interested in owning an energy-trading business, NZZ am Sonntag reported.

Addax, which has put its Geneva trading unit up for sale, is focusing on project-based interests and will not sell its bio-energy business, Gandur told the Swiss newspaper in an interview.

To contact the reporter on this story: Giles Broom in Geneva at gbroom@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

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