Citadel to acquire leading German power trader FlexPower
ReutersOct 13, 2025 1:02 PM
BERLIN, Oct 13 (Reuters) - Investment firm Citadel said on Monday that it had agreed to acquire 100% of Hamburg-based power trading firm FlexPower.
The move comes after Miami, Florida-based Citadel acquired Japanese power wholesaler Energy Grid in 2024 and built out a new trading base in Australia in 2025.
Terms and value of the transaction were not disclosed. FlexPower, which trades a portfolio of more than 1,700 megawatts across six European countries, is set to retain its brand and do business as "FlexPower (a Citadel company)".
The transaction is expected to close in the fourth quarter of 2025.
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