JPMorgan Set To Sell Physical Commodities Unit To Mercuria

Mani

Published onMarch 19, 2014

Updated on May 13, 2021

JPMorgan Chase & Co. (NYSE:JPM) is said to be selling its physical commodities unit to Switzerland-based Mercuria Energy Group Ltd.

Citing people familiar with the developments, Andy Hoffman and Hugh Son of Bloomberg report that the deal could be announced as early as today.

JPMorgan efforts to sell non-core assets

As reported by ValueWalk earlier, last year JPMorgan Chase & Co. (NYSE:JPM) launched a firm-wide effort to sell off ‘non-core’ assets.

In July,...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

JPMorgan Set To Sell Physical Commodities Unit To Mercuria

JPMorgan efforts to sell non-core assets

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