J.P. Morgan will work closely with Mercuria to ensure a smooth transition of commodities assets, transactions, physical trading operations and employees to Mercuria at the close of the transaction.
Wednesday, March 19, 2014
Goodbye Blythe Masters: JPM Sells Its Physical Commodities Business To Mercuria For $3.5 Billion
http://www.zerohedge.com/news/2014-03-19/goodbye-blythe-masters-jpm-sells-its-physical-commodities-business-mercuria-35-billi
JPMorgan Chase & Co. (JPM) announced today that it has reached a
definitive agreement to sell its physical commodities business to
Mercuria Energy Group Limited, a global energy and commodities trading
company, for $3.5 billion. The all cash transaction is expected to close
in the third quarter of 2014, subject to regulatory approvals.
J.P. Morgan will work closely with Mercuria to ensure a smooth transition of commodities assets, transactions, physical trading operations and employees to Mercuria at the close of the transaction.
J.P. Morgan will work closely with Mercuria to ensure a smooth transition of commodities assets, transactions, physical trading operations and employees to Mercuria at the close of the transaction.
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