Constellation Energy Group has sold the majority of its London-based international commodities business to an affiliate of Goldman Sachs, the company said Tuesday.
Terms of the transaction were not disclosed. The sale includes coal and freight operations and European energy trading units.
“The pending sale of our international commodities business is among several strategic initiatives we’re pursuing in the months ahead to strengthen our financial position and transform our core business,” Constellation Chairman, President and Chief Executive Officer Mayo Shattuck said in a statement.
