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J.P. Morgan set to launch sale of commodities business

Posted on 20 August 2013

J.P. Morgan Chase has told potential buyers of its commodities assets that it expects to kick off sale efforts in early September. The bank plans at that time to circulate a memo that details the balance sheets and profitability of its physical-commodity assets, according to people familiar with the sale process.
J.P. Morgan said in July it was pursuing strategic alternatives for these assets, which range from metal warehouses to pipeline leases and power plants, including a possible sale. The bank hopes to sell the assets as one package, but depending on the interest of buyers it may have to sell them piecemeal………………………………………..Full Article: Source


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