Armajaro Holdings Ltd., founded by Anthony Ward and Richard Gower, agreed to sell its soft commodities trading unit to Ecom Agroindustrial Corp., the world’s second-biggest coffee and third-largest cocoa trader.
Monier Group Services GmbH, the German tilemaker seized by lenders including Apollo Global Management LLC in 2009, won three years to restructure its business after a U.K. court allowed it to extend about $935 million of debt.
European Union banks will be forced to boost capital, disclose more information on their activities than ever before, and face tougher scrutiny of how they measure risks, after lawmakers formally endorsed a law to overhaul the bloc’s financial rulebook.
Armajaro Holdings Ltd., a London- based commodities hedge fund, closed a bullish position in cocoa that led to a surge in prices this year, the Financial Times reported, without saying where it got the information.
Armajaro Asset Management LLP, which manages seven investment funds including the CC+ Fund focused on cocoa and coffee, reported a 62 percent drop in profit for the 2012 fiscal year, citing “difficult market conditions.”