UK-based Eastern Group has established a new energy trading headquarters in Geneva, Switzerland. The new office will serve as its European centre for trading and business development and will also handle sales and marketing of energy to large industrial consumers.
Eastern recently became the first UK energy company to join the Swiss Electricity Price Index. It will retain its regional trading offices, including those in Ipswich, Stockholm, The Hague, Milan, Paris and Madrid. Some staff will relocate to Geneva. The new headquarters will start operating in January 2000.