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Swiss firm Mercuria in talks to buy JPMorgan’s commodities unit

Posted on 07 February 2014

The Mercuria Energy Group, a fast-growing energy and commodities trading company, is in exclusive talks to acquire the physical commodities business of JPMorgan Chase, according to a person familiar with the discussions.
JPMorgan announced in July that it was exploring strategic alternatives, including a possible sale or spinoff, for the business, which deals in commodities like metals and oil. The business holdings include trading desks and warehouses to store metals………………………………………..Full Article: Source


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