Macquarie Commodities and Global Markets acquired Corona Energy in 2006, beginning a long-term partnership to support its growth.
Macquarie recognised a strong strategic fit between its growing European gas and power trading business and Corona’s need for investment, customer relationships and market knowledge.
It supported Corona with access to gas and power markets, hedging capabilities, balance sheet strength, and market and credit risk expertise. This helped Corona strengthen its operating model and manage market complexity while continuing to serve its customers.
As customer demands changed, Macquarie’s investment enabled Corona to invest in new capabilities, including technology, broker networks and customer platforms, broadening its market reach and supporting its expansion into electricity supply.