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JPMorgan to buy Sempra-RBS assets for $220 mln

Posted on 08 October 2010

From Bloomberg: JPMorgan Chase & Co., the second- largest U.S. bank by assets, agreed to buy the North American natural-gas and power-trading book from a joint venture between Royal Bank of Scotland Group Plc and Sempra Energy for about $220 million.
The sale, which requires regulatory approval from the Federal Energy Regulatory Commission, completes the divestiture of the last of the principle assets of the venture, San Diego- based Sempra said in a statement today……………………………………….Full Article: Source


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