A new commodities marketing and trading enterprise, Javelin Global Commodities Holdings, LLP, has been formed by Murray Energy Corporation and E.ON Global Commodities SE.

While the primary focus of the new venture will be on coal and electric power, there will be expansion into other commodities, the companies said.

Javelin has entered into a long term export marketing and domestic advisory agreement with Murray Energy and a long term hedging and credit line with E.ON.

E.ON said that the transaction is a vehicle to continue to grow its presence in U.S. coal and electric power markets

Tags:
Javelin Global Commodities   E.ON   M&A  

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