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Freepoint Commodities to buy J.P. Morgan unit

Posted on 27 April 2012

Freepoint Commodities LLC, a commodity merchant founded by former RBS Sempra executives, said that it will acquire the mineral concentrates business from J.P. Morgan Chase & Co., representing its leaders’ latest move to make a comeback into the physical commodities trading business.

The deal, which was announced on Wednesday, will reunite a team of metal traders with David Messer, former chief executive of RBS Sempra Commodities, a joint venture between Royal Bank of Scotland Group and Sempra Energy………………………………………..Full Article: Source


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