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Macquarie eyeing JPMorgan’s physical commodities unit

Posted on 16 January 2014

Macquarie Group has been urged to maintain its hardline approach to acquisitions amid speculation the investment bank is eyeing a bid of up to $US2 billion ($2.24bn) for parts of JPMorgan’s physical commodities business.
As banks globally adjust to stricter regulation, CNBC reported JPMorgan was close to selling the commodities unit and interest was from Macquarie, private equity giant Blackstone and US investment company Castleton Commodities International………………………………………..Full Article: Source

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