☰

Empresas y finanzas

Exclusive: JPMorgan in exclusive talks with Mercuria on commods sale - sources


    LONDON (Reuters) - Wall Street bank JPMorgan Chase has entered into exclusive talks with trading house Mercuria to sell its physical commodities division, two sources familiar with the situation told Reuters.

    The final deal could take a few months to conclude, one of the sources said. The deal if agreed could catapult Mercuria into the top tier of diversified trading houses with Glencore Xstrata , Vitol and Trafigura .

    Apart from Mercuria, Australian bank Macquarie Group and private equity manager Blackstone Group LP were also competing to buy JPMorgan's commodities unit, sources have said.

    JPMorgan decided to sell its physical commodities division last year under rising regulatory scrutiny and political pressure.

    (reporting by Dmitry Zhdannikov and Henning Gloystein, editing by William Hardy)