24.10.2013 - JPMorgan commodities unit said to draw bid from BTG
Grupo BTG Pactual, the Brazilian investment bank founded by billionaire Andre Esteves, is working on a bid for JPMorgan Chase & Coís 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 didnít 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
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