JPMorgan Buys RBS Sempra In Bid To Strengthen Its Commodities Business

JPMorgan Buys RBS Sempra In Bid To Strengthen Its Commodities Business

JPMorgan said on Tuesday it had agreed to buy RBS Sempra Commodities' non-US assets for $1.7bn in cash in a deal that will challenge the dominance of Goldman Sachs, Morgan Stanley and Barclays Capital in raw materials dealing.

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