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EXCLUSIVE-Ecom near deal to buy Armajaro's physical trading ops-source

Monday, 11 Nov 2013 | 9:08 AM ET

NEW YORK, Nov 11 (Reuters) - Swiss commodity trader Ecom Agroindustrial Corp Ltd is close to an agreement to buy London-based Armajaro Holdings Ltd's physical softs commodity trading operations, which would create one of the world's biggest cocoa and coffee traders, a source familiar with negotiations told Reuters.

Following months of negotiations, a potential sale comes after Armajaro Trading Ltd's chief executive left following a short seven-month stint and the company reported a loss in the full year to September 2012.

(Reporting by Marcy Nicholson)