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Radiant World Said to Sell Aluminum Stockpile to STG Group

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Radiant World Said to Sell Aluminum Stockpile to STG Group Metals trader Radiant World agreed to sell a stockpile of aluminum to STG Group, according to people familiar with the matter, in a move that will bring in liquidity to the firm. Radiant World has come under pressure as some banks and counterparties have pulled back from dealing with it after Bloomberg reported that several top commodity traders had stopped trading with the company, amid concerns it had provided falsified documents...

Radiant World Said to Sell Aluminum Stockpile to STG Group Metals trader Radiant World agreed to sell a stockpile of aluminum to STG Group, according to people familiar with the matter, in a move that will bring in liquidity to the firm. Radiant World has come under pressure as some banks and counterparties have pulled back from dealing with it after Bloomberg reported that several top commodity traders had stopped trading with the company, amid concerns it had provided falsified documents to banks.
Radiant World Said (ORG) Sell Aluminum Stockpile (ORG) STG Group Radiant World Said (ORG) STG Group Metals (ORG) Radiant World (ORG) STG Group (ORG) Bloomberg (PERSON)
Originally published by Bloomberg Markets Read original →