May 16-The paper said a flotation in the UK would represent a change of direction for the commodities company, which never publishes financial details except to bondholders and other interested parties.
Trafigura will spin off its industrial assets but will never float its core physical trading business, the report said.
"We don't believe physical trading is suited to being listed. We have a risk-conscious culture. Doing an IPO would mean the managers are no longer the shareholders, the paper quoted Trafigura's Chief Financial Officer Pierre Lorinet as saying.
"The industrial business, yes, in the next couple of years may be floated," he said, adding that the company would look to retain a minority stake in the business if the flotation was successful.
The group's industrial assets include commodity storage, port infrastructure and logistics and are worth $1.5 billion, according to Trafigura's corporate brochure, the report said.
Trafigura is one of several large trading houses making steps toward greater market participation.
Rival trader Glencore is looking to raise cash to expand its mining business and fund acquisitions.
Trafigura was unavailable for comment when contacted by Reuters.
Trafigura will spin off its industrial assets but will never float its core physical trading business, the report said.
"We don't believe physical trading is suited to being listed. We have a risk-conscious culture. Doing an IPO would mean the managers are no longer the shareholders, the paper quoted Trafigura's Chief Financial Officer Pierre Lorinet as saying.
"The industrial business, yes, in the next couple of years may be floated," he said, adding that the company would look to retain a minority stake in the business if the flotation was successful.
The group's industrial assets include commodity storage, port infrastructure and logistics and are worth $1.5 billion, according to Trafigura's corporate brochure, the report said.
Trafigura is one of several large trading houses making steps toward greater market participation.
Rival trader Glencore is looking to raise cash to expand its mining business and fund acquisitions.
Trafigura was unavailable for comment when contacted by Reuters.
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