Mon, Mar 2, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Market Moves more

JPMorgan commodities unit said to draw bid from BTG

Posted on 24 October 2013

Grupo BTG Pactual, the Brazilian investment bank founded by billionaire Andre Esteves, is working on a bid for JPMorgan Chase & Co’s physical commodities business, said a person with direct knowledge of the matter.
BTG is in the early stages of reviewing the financial information, said the person, who requested anonymity because the process is private and didn’t specify how big the offer will be. Brian Marchiony, a JPMorgan spokesman, declined to comment on potential bids, as did an official for Sao Paulo-based BTG, in keeping with company policy………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 39456 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
S M T W T F S
« Feb    
1234567
891011121314
15161718192021
22232425262728
293031