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RBS whittles Sempra suitors down to last 3

Posted on 21 December 2009

From Reuters: Royal Bank of Scotland has narrowed the bidders for its commodities trading joint venture to three and will announce a winner within weeks, the Sunday Times reported, citing sources close to the negotiations.

U.S. bank JPMorgan, Australia’s Macquarie and Deutsche Bank are competing to buy the 51 percent stake in RBS Sempra Commodities, which could fetch an estimated 2.5 billion pounds ($4 billion), the newspaper said………………………………..Full Article: Source

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