JP Morgan inks deal to sell Mercuria its physical commodities business

JP Morgan Chase has reached a definitive agreement to sell its physical commodities business to Mercuria Energy Group in a $3.5 billion cash transaction.

The deal is expected to close in the third quarter of 2014, subject to regulatory approvals. The US bank, which put its physical commodities business up for sale last July,...

Published

Andrea Hotter

March 19, 2014

13:15 GMT

New York