Commodities Trader ED&F Man Says It’s Had Takeover Interest

Coffee and sugar trader ED&F Man Commodities Ltd. said it has received more than one takeover approach, putting the future of one of Britain’s oldest commodities businesses in play.

The company “has received several unsolicited approaches,” according to a spokesperson. “Whilst it is very much business as usual, the board has a duty to consider what is in the best interests of all stakeholders and that is what it is doing,” they said.

The interest comes after Marex Group bought ED&F’s brokerage business for about $220 million last year as the group restructured after several years of losses. ED&F, a ...