Simpson Thacher & Bartlett and Cadwalader Wickersham & Taft are advising on the sale of JPMorgan's physical commodities business to Mercuria Energy Group for $3.5bn.
March 20, 2014 at 06:16 AM
1 minute read
The original version of this story was published on Legalweek
Simpson Thacher & Bartlett and Cadwalader Wickersham & Taft are advising on the sale of JPMorgan’s physical commodities business to Mercuria Energy Group for $3.5bn (£2.12bn).
The deal, announced by the bank yesterday, is an all cash transaction expected to close in the third quarter of 2014, subject to regulatory approvals.
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