Ken Griffin's Citadel to acquire energy trader in first Japan deal

Purchase spearheaded by U.S. hedge fund's commodities business

Citadel founder Kenneth Griffin said in an interview last year that it's a "very exciting time" to get into the Japanese market. © Reuters

MISA HAMA, Nikkei staff writer

June 28, 2024 07:30 JST

TOKYO -- U.S. hedge fund Citadel will buy its first company in Japan with a move into the country's fast-growing electricity trading market, it said in a statement.

Citadel will acquire all of Tokyo-based market maker Energy Grid, which was founded in 2021 by Yohei Jozaki, a former energy trader at Enron and Goldman Sachs.