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JPMorgan Chase ready to make long-awaited commodities deal

Posted on 15 January 2014

Six months after announcing plans to sell its physical commodities business, JPMorgan Chase is close to a final deal, according to a source familiar with the matter. The shortlist of bidders includes the private-equity firm Blackstone Group and the Australian bank Macquarie Group.
Final offers from Blackstone, Macquarie, and a Stamford, Conn. based investment company called Castleton Commodities International are due next week, the source said, and JPMorgan executives are hoping to make a final decision by the end of January………………………………………..Full Article: Source


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