Merrill Lynch completes acquisition of Entergy-Koch, LP

NEW YORK, Nov. 1, 2004 (BUSINESS WIRE) — Merrill Lynch & Co. has completed its previously announced acquisition of the energy trading businesses of Entergy-Koch, LP, a venture of Entergy Corporation and Koch Energy, Inc., a subsidiary of privately owned Koch Industries, Inc.

The energy trading business will operate as the Global Commodities group, a wholly owned unit within Merrill Lynch’s Global Markets & Investment Banking Group. The Entergy-Koch Trading management team will continue to run the business at Merrill Lynch.

Entergy-Koch, LP’s natural gas pipeline and storage business is not included in this transaction but is being offered for sale by the venture.

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The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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