Citadel to acquire FlexPower.

Citadel, a hedge fund and financial services company, agreed to acquire FlexPower, a renewable energy and battery trader. Financial terms are not disclosed. “This acquisition strengthens Citadel Commodities’ position as a leading investor and risk manager in power markets, and builds on our success in global energy trading. It also reflects Citadel’s continued commitment to the development of robust and well-functioning European energy markets,” Sebastian Barrack, Citadel Head of Commodities.