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JPMorgan acquires RBS Sempra
17 February 2010
JPMorgan has acquired RBS Sempra Commodities' global assets leaving just the firm’s North American natural gas and power business.
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RBS Sempra Commodities acquisiton
metals and energy
JPMorgan RBS Sempra
JPMorgan has agreed to pay $1.7 billion to acquire RBS Sempra Commodities' global oil, global metals and European power and gas assets.
The transaction is expected to close in the second quarter of 2010, pending regulatory approvals and will see the assets integrated into JPMorgan's existing global commodities business, led by Blythe Masters.
The deal will see JPMorgan buy RBS Sempra Commodities’ global oil unit, its metal trading business and operations...
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