Coeclerici Coal & Fuels, a Coeclerici Group affiliate, has acquired a 60% stake in RAG Trading Asia Pacific from the giant German power group RAG Beteiligungs-Group. The remaining 40% is divided between RAG Trading Essen (25%) and the management of RAG Trading Asia Pacific (15%).
The Singapore-based company has been renamed CC Carbon and assumes responsibility for the group’s raw materials trading activities in the Asia Pacific region. It has also assumed control of RAG Trading Americas, based in Pittsburgh (Pa), which has been renamed CC Carbon US....
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This complete item is approximately 350 words in length, and appeared in the July/August 2007 issue of Bulk Materials International, on page 20.
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