BERLIN, Oct 13 (Reuters) - Investment firm Citadel said

on Monday that it had agreed to acquire 100% of Hamburg-based

power trading firm FlexPower ( FLXP ).

The move comes after Miami, Florida-based Citadel acquired

Japanese power wholesaler Energy Grid in 2024 and built out a

new trading base in Australia in 2025.

Terms and value of the transaction were not disclosed.

FlexPower ( FLXP ), which trades a portfolio of more than 1,700 megawatts

across six European countries, is set to retain its brand and do

business as "FlexPower ( FLXP ) (a Citadel company)".

The transaction is expected to close in the fourth quarter

of 2025.