ArrowMetals acquired AOT Holding from the Frere family.

Swiss metals trader ArrowMetals acquired AOT Holding, which trades in key energy commodities worldwide, covering crude oil and oil products, renewable fuels, petro chemicals and natural gas, from the Frere family. The transaction is expected to close in a few weeks. Financial terms were not disclosed. ArrowMetals said the acquisition would create a major new metals and energy trading platform. AOT had an annual turnover of $11bn with over 100 employees, it said. The combined firm will trade oil, refined products, coal, liquefied natural gas, natural gas, base and minor metals, ores, concentrates and ferroalloys.