23.12.2008 - JPMorgan buys UBS Canadian commodities unit
From Theglobeandmail.com: UBS is selling its Canadian-based commodities and energy business to JPMorgan Chase & Co. as part of its plan to refocus on its core securities and advisory functions. JPMorgan will acquire UBS Commodities Canada Ltd., the Canadian energy operations of UBS AG, Switzerland's biggest bank, as well as the firm's global agriculture business. The affected employees will transfer to JPMorgan...... Full Article: Source
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