The acquisition of Enron Metals & Commodity, a leading global trader of copper, lead and zinc concentrates, is subject to the approval of the U.S. Bankruptcy Court in New York.

The transaction comes on the heels of Sempra Energy Trading’s earlier purchase of London, UK-based Enron Metals Ltd. for $145 million. The acquisition of the leading metals trader on the London Metals Exchange was completed in early February. The company has been renamed Sempra Metals Ltd.

Sempra Energy Trading’s acquisitions of the two Enron Metals’ trading companies complement each other, said company President David Messer. Upon completion of the latest deal, Enron Metals & Commodity will be renamed Sempra Metals Concentrates, and will continue to be based in New York, according to Sempra. Phillip Bacon, current president and CEO of Enron Metals & Commodity, will continue to manage the day-to-day operations of the company once acquired by Sempra Energy Trading. Thomas McKeever, chairman of Sempra Metals Ltd., will head Sempra Metals Concentrates.

Enron Metals & Commodity is active in trading and transporting metal concentrates between mines and smelters and refiners worldwide, as well as providing its clients with risk-management, logistics, accounting and contract administration services.

Stamford, CT-based Sempra Energy Trading is a subsidiary of Sempra Energy Global Enterprises, which is the umbrella for Sempra Energy’s growth businesses. It is a leading marketer and trader of physical and financial commodity products, including natural gas, power, petroleum products and base metals worldwide.

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